Robert Giuffra, partner at Sullivan & Cromwell
Other mega-banks have paid billions to settle alleged violations of the Financial Institutions Reform, Recovery, and Enforcement Act--but not UBS.
November 13, 2018 at 01:16 PM
1 minute read
Editor and columnist at The Litigation Daily
“The last bank standing.”
That’s how Sullivan & Cromwell partner Robert Giuffra Jr. describes his client UBS AG, which is doing something no other big bank has dared: It’s refusing to settle residential mortgage backed securities claims with the Department of Justice.
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