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KM Financial Solutions | UPDATE 1-UBS must defend against U.S. lawsuit over ‘catastrophic’ mortgage losses
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UPDATE 1-UBS must defend against U.S. lawsuit over ‘catastrophic’ mortgage losses

09 Dec UPDATE 1-UBS must defend against U.S. lawsuit over ‘catastrophic’ mortgage losses

Posted at 22:10h in News by
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A federal judge on Tuesday
rejected UBS Group AG’s bid to dismiss a U.S.
government lawsuit accusing Switzerland’s largest bank of
causing “catastrophic” investor losses in residential
mortgage-backed securities sold before the 2008 financial
crisis.

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