{"id":85590,"date":"2023-08-15T00:10:41","date_gmt":"2023-08-15T04:10:41","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=85590"},"modified":"2023-08-14T23:17:54","modified_gmt":"2023-08-15T03:17:54","slug":"ubs-to-pay-1-4-billion-over-fraud-in-residential-mortgage-backed-securities","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2023\/ubs-to-pay-1-4-billion-over-fraud-in-residential-mortgage-backed-securities.html","title":{"rendered":"UBS to pay $1.4 billion over fraud in residential mortgage-backed securities"},"content":{"rendered":"\n<p>(CNBC) Swiss bank <a href=\"https:\/\/www.cnbc.com\/quotes\/UBS\/\">UBS<\/a> agreed to pay a combined $1.4 billion in civil penalties over fraud and misconduct in its offering of residential mortgage-backed securities dating back to the global financial crisis, federal prosecutors <a rel=\"noreferrer noopener\" href=\"https:\/\/www.justice.gov\/usao-edny\/pr\/ubs-agrees-pay-1435-billion-resolve-claims-it-made-misrepresentations-sale-residential\" target=\"_blank\">announced<\/a> Monday. The bank, in its own statement Monday, <a rel=\"noreferrer noopener\" href=\"https:\/\/www.ubs.com\/global\/en\/media\/display-page-ndp\/en-20230814-rmbs.html\" target=\"_blank\">described<\/a> the settlement as dealing with a \u201clegacy matter\u201d dating from 2006 to 2007, leading up to the financial crisis.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/08\/14\/ubs-to-pay-1point4-billion-for-fraud-in-mortgage-backed-securities.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Swiss bank UBS agreed to pay a combined $1.4 billion in civil penalties over fraud and misconduct in its offering of residential mortgage-backed securities dating back to the global financial crisis, federal prosecutors announced Monday. The bank, in its [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-85590","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=85590"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85590\/revisions"}],"predecessor-version":[{"id":85591,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85590\/revisions\/85591"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=85590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=85590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=85590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}