Swiss bank UBS AG agreed to pay $230 mln as part of settlement of claims of New York State authorities, associated with the sale of mortgage-backed securities within the period before Financial Crisis 2008, Interfax-Ukraine reports.
According to New York Attorney General Eric Schneiderman, the fine includes the compensation to clients for $189 mln and payment of $41 mln in favor of the state.
The bank was accused of sale of residential mortgage backed securities (RMBS), the quality of which did not comply with standards.
Previously, in the similar case, the British bank RBS agreed to pay the fine, amounting to $500 mln, JPMorgan Chase and Bank of America - $1 bln and $800 mln respectively.
