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UBS reaches $230 million settlement with New York over toxic mortgage bonds 

Mar 21, 2018By

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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