UBS is to pay $ 69.8 m to resolve a US regulator 's suit accusing the banks of selling toxic mortgage - backed securities to corporate credit unions that later failed . In 2017 , the amount was $ 33 m ; however this new sum now includes pre - judgement interest . UBS has agreed to proceed on April 22nd , with attorney 's fees to be decided upon at a later date . This resolves one of several National Credit Union Administration lawsuits against banks over their sale of toxic debt to five credit unions .
UBS is to pay $69.8m to resolve a US regulator's suit accusing the bank of selling toxic mortgage-backed securities to corporate credit unions that later failed. In February, the amount was $33m; however this new sum now includes pre-judgement interest. UBS has agreed to pay on April 22nd, with attorney's fees to be decided upon at a later date. This resolves one of several National Credit Union Administration lawsuits against banks over their sale of toxic debt to five credit unions.