UBS to pay $1.4bn to settle fraud claims from 2008 crisis
Corp Watch
AUGUST 18, 2023
Image source, Getty ImagesSwiss bank UBS has agreed to pay $1.4bn (£1.1bn) to resolve fraud claims in the US stemming from the 2008 financial crisis.It brings to a close the last case brought by US prosecutors investigating banks' conduct in the run-up to the crash, which sparked a global downturn.
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