UBS Group AG Rotten Score Breakdown

In August 2023, UBS AG and several U.S. affiliates agreed to pay $1.435 billion in civil penalties to resolve a U.S. Department of Justice lawsuit concerning residential mortgage-backed securities issued in 2006 and 2007. The government alleged that UBS knowingly made false and misleading statements to buyers of 40 RMBS about the characteristics of the underlying mortgage loans. The settlement resolved the final case brought by the DOJ working group investigating misconduct in the creation and sale of RMBS before the financial crisis. The settlement resolved allegations and did not constitute a judicial determination of liability. Source: U.S. Department of Justice https://www.justice.gov/usao-edny/pr/ubs-agrees-pay-1435-billion-resolve-claims-it-made-misrepresentations-sale-residential

In May 2015, UBS agreed to plead guilty to felony wire fraud in connection with manipulation of LIBOR and other benchmark interest rates and to pay a $203 million criminal penalty. The U.S. Department of Justice declared UBS in breach of a 2012 non-prosecution agreement after finding additional criminal conduct. DOJ said UBS had previously admitted participating in a scheme to manipulate benchmark rates; the later breach also involved deceptive foreign-exchange trading and sales practices, including undisclosed markups. Source: U.S. Department of Justice https://www.justice.gov/criminal/criminal-vns/united-states-v-ubs-ag