• Swiss bank charged in federal lawsuit filed in Atlanta

    5 days ago - By Biz Journals

    The Justice Department has filed a lawsuit in Atlanta accusing a Swiss-based multinational investment bank with defrauding investors in its sale of residential mortgage-backed securities.
    The suit against UBS AG and several U.S. affiliates was brought by the U.S. Attorney's Office for the Northern District of Georgia.
    "The compliant alleges that instead of ensuring that their representations to investors were accurate and transparent, UBS affirmatively misled investors and withheld crucial information...
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  • Breakingviews: UBS Can Afford a Legal Brawl With the Justice Department

    Breakingviews: UBS Can Afford a Legal Brawl With the Justice Department

    5 days ago - By NY Times

    U.S. prosecutors have sued the Swiss bank over sales of mortgage-backed securities before the 2008 financial crisis. It can probably shrug it off.
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