Items Tagged with 'UBS'


  • Former House Financial Services Committee Chairman Jeb Hensarling lands at UBS

    Long-time congressman will serve as executive vice chairman of the Americas
    Jeb Hensarling, who previously held one of the most powerful positions on Capitol Hill as chairman of the House committee that oversees the financial services industry and spent years advocating for the deregulation of said financial services industry, is now joining… the financial services industry.
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  • UBS expecting DOJ lawsuit over pre-crisis mortgage bonds

    Lawsuit could come as soon as this week
    UBS, which has already paid out hundreds of millions of dollars over its pre-crisis mortgage securitization activities, is about to be facing another massive lawsuit for the same conduct. UBS revealed late Wednesday that it is expecting to be sued by the Department of Justice over its issuance, underwriting and sale of residential mortgage-backed securities from 2006 to 2007.
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  • UBS reaches $230 million settlement with New York over toxic mortgage bonds

    Required to provide $189 million in consumer relief
    For the second time this month, the state of New York has reached a massive settlement with a bank that ends in “BS.” First, RBS reached a $500 million settlement with the state. Now, UBS agreed to a $230 million settlement covering UBS' mortgage bond activities in the run-up to the financial crisis.
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  • UBS will pay $69.8 million to NCUA for credit union RMBS losses

    NCUA recoveries top $3 billion
    The National Credit Union Administration announced that it reached a $69.8 million settlement with UBS, becoming the latest entity to settle with the NCUA over losses related to several corporate credit unions' purchases of faulty residential mortgage-backed securities in the run-up to the financial crisis.
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  • BofA may settle with FHFA

    Morgan Stanley analysts predict worst-case scenerio of $3.6bn
    The FHFA is suing several banks for loans sold to Fannie Mae and Freddie Mac. Right now, Bank of America is targeted.
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  • Wall Street's worries increase

    The feared 'Hindenburg Omen' rears its ugly head
    Wall Street traders fear the Hindenburg -- the mere mention of the name can get hearts racing. UBS analysts have been calling attention to the so-called 'Hindenburg Omen' for the past few weeks, suggesting the stock market may be headed for a crash.
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