UBS faces new costly le­gal bat­tle in the US

The Daily Telegraph - Business - - Business -

UBS is fac­ing an­other po­ten­tially costly le­gal bat­tle as the US Depart­ment of Jus­tice draws up civil charges over the sale of mort­gage-backed se­cu­ri­ties be­fore the 2008 fi­nan­cial cri­sis. The Swiss bank, re­veal­ing it is ex­pect­ing to the sued by the DoJ, said the claims were not sup­ported by the facts and it would con­test any com­plaint.

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