The banking giant UBS is facing a hefty fine from the US Department of Justice for its role in the Great Financial Crisis of 2008. The DOJ says UBS has agreed to pay $1.435 billion in penalties to settle allegations that the bank defrauded investors while underwriting and issuing residential mortgage-backed securities (RMBS) in 2006 The post US Demands $1,435,000,000 From Banking Giant for Alleged Fraud and Role in Great Financial Crisis appeared first on The Daily Hodl .