by Summary:
[unable to retrieve full-text content]A UBS Group AG unit was found by a federal judge to have violated some contracts with mortgage-backed securities trusts that hold loans, putting it at risk of having to buy back more loans or pay damages in a billion lawsuit. U.S. District Judge Kevin Castel Tuesday ruled that UBS Real Estate Securities Inc. had breached warranties on 13 of 20 loans in the trusts that were introduced into evidence in a three-week trial in Manhattan in May.
Topics:
Investec considers the following as important: Featured, newslettersent, Swiss Markets News, UBS
This could be interesting, too:
[unable to retrieve full-text content][unable to retrieve full-text content]A UBS Group AG unit was found by a federal judge to have violated some contracts with mortgage-backed securities trusts that hold loans, putting it at risk of having to buy back more loans or pay damages in a billion lawsuit. U.S. District Judge Kevin Castel Tuesday ruled that UBS Real Estate Securities Inc. had breached warranties on 13 of 20 loans in the trusts that were introduced into evidence in a three-week trial in Manhattan in May.
Topics:
Investec considers the following as important: Featured, newslettersent, Swiss Markets News, UBS
This could be interesting, too:
investrends.ch writes UBS: Schweizer Pensionskassen bleiben risikobewusst – doch sie können die Rendite halten
investrends.ch writes Strengere Kapitalvorgaben für die UBS: Heftige Kritik an die Adresse des Bundesrats
investrends.ch writes Geteiltes Bild: Industrie schwächelt, Dienstleister im Aufwind
investrends.ch writes Zürcher Regierung befürchtet Einbussen im Falle eines UBS-Wegzugs
A UBS Group AG unit was found by a federal judge to have violated some contracts with mortgage-backed securities trusts that hold loans, putting it at risk of having to buy back more loans or pay damages in a $2 billion lawsuit. U.S. District Judge Kevin Castel Tuesday ruled that UBS Real Estate Securities Inc. had breached warranties on 13 of 20 loans in the trusts that were introduced into evidence in a three-week trial in Manhattan in May.
