Day: August 15, 2023

DoJ: UBS to Pay $1.4B Settlement for Its Role in 2008 Financial Crisis

UBS and several of its U.S.-based affiliates have reached a $1.4 billion settlement to resolve all civil claims brought against it by the Department of Justice (DoJ) relating to UBS’s legacy residential mortgage-backed securities (RMBS) business in the United States. “With this resolution, UBS will pay for its conduct related Read More

Grupo Aval, Bank Subsidiary to Pay $80.8M in Landmark FCPA Resolution

Colombian conglomerate Grupo Aval and its bank subsidiary, Corporación Financiera Colombiana (Corficolombiana), will pay $80.8 million in a resolution with U.S. and Colombian authorities for the company’s role in a widespread bribery scheme with Columbian government officials in violation of the Foreign Corrupt Practices Act. It is a landmark FCPA Read More