UBS Beefs Up Funds for U.S. Mortgage Mis-Selling Case to $1.4 Billion
Reuters, Oct. 28, 2016–Franklin, Joshua; Gruber, Angelika
UBS revealed it set aside an extra $417 million to cover potential penalties tied to mis-selling mortgage-backed securities ahead of the financial crisis as it delivered an 11 percent rise in third-quarter profit.
