UBS 'dumped' toxic securities on bank

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UBS 'dumped' toxic securities on bank

27th February 2008, 01:01:AM

UBS, the beleaguered Swiss bank, dumped more than half a billion dollars of toxic sub-prime mortgage securities on an unsuspecting client, simply to get them off its books before they went sour last year, it was alleged in a New York court filing.

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Tags: bank, books, business, court, mortgage, securities

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UBS 'dumped' toxic securities on bank

UBS 'dumped' toxic securities on bank

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