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UBS settles with Fannie

Ubs will pay $885 million in a settlement with a US regulator over allegations it misrepresented mortgage-backed bonds during the housing bubble, paving the way for billions more to be paid by other banks.The Federal Housing Finance Agency said yesterday UBS will pay $415 million and $470 million respectively… …read more
Source: NY Post

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Posted by on July 29, 2013. Filed under Business News,U.S. News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.