UBS has agreed to pay $1.44 billion to settle a Justice Department case tied to the issuance of residential mortgage-backed securities in the buildup to the 2008-09 financial crisis. The agreement concludes the last outstanding case brought by the DoJ against major banks, an initiative that collected $36 billion in settlements from nearly 20 financial institutions, according to the DOJ.
This article was originally published by Marketwatch.com. Read the original article here.
