UBS expects to be sued by U.S. Justice Department over crisis-era mortgage securities By Reuters

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© Reuters. Logo of Swiss bank UBS is seen in Zurich


© Reuters. Logo of Swiss bank UBS is seen in Zurich

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(Reuters) – UBS, Switzerland’s largest bank, said it expects to be sued by the U.S. Department of Justice as early as Thursday on civil charges related to the sale of mortgage-backed securities in the run-up to the 2008-09 financial crisis, according to a company statement.

The bank said the claims were not supported by the facts or the law and it would contest any such complaint “vigorously.”

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