UBS to pay $1.4bn to settle extortion claims from 2008 emergency
Swiss bank UBS has consented to pay $1.4bn (£1.1bn) to determine extortion claims in the US coming from the 2008 monetary emergency. It concludes the last case brought by US examiners researching banks’ direct in the approach the accident, which started a worldwide slump. Examiners said the bank had lied about the nature of home…