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UBS to pay $1.43bn in penalties over mortgage fraud prior to 2008 crisis

TheGuardian

The civil action was filed in November 2018 alleging misconduct related to UBS’s underwriting and issuance of residential mortgage-backed securities (RMBS) issued in 2006 and 2007, according to the justice department. Continue reading.

Fraud 55
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Finder secures USD 21.5 mln

The Paypers

Finder has secured USD 21.5 mln in its first external funding since its inception in 2006.

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High-End Fashion Site Mytheresa To Start Trading On NYSE

PYMNTS

Mytheresa , which launched in 2006, claims to be “one of the leading global luxury fashion eCommerce retailers.”. Securities and Exchange Commission (SEC) for an IPO. Mytheresa’s parent company, MYT Netherlands Parent B.V., said in December that it had filed a registration statement with the U.S.

Branding 220
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Sweden going cashless

Chris Skinner

Plastic money is not only more secure from fraud, but can literally be washed to get rid of bad deposits. There are no fully–comparable figures from any of the surveys carried out in 2006, but in 2006 the “average consumer” did not choose to pay by card until the purchase sum exceeded SEK 123.”

Survey 284
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NASA Gets Hacked

PYMNTS

NASA has suffered a data breach that exposed its employees’ Social Security numbers and other personal information. “Upon discovery of the incidents, NASA cybersecurity personnel took immediate action to secure the servers and the data contained within,” the memo stated. Information security remains a top priority for NASA.

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Inflated Credit Scores Put Lenders At Risk

PYMNTS

Bloomberg reported there are about 15 million more consumers that have credit scores of more than 740 today than back in 2006. What’s more, Bloomberg cited Moody’s as saying there are around 15 million fewer consumers with scores under 660 today then back in 2006.

Analytics 174
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Signature Bank Taps Tech For Simplified AP

PYMNTS

Finrails AP offers businesses a cloud-based accounts payable (AP) solution that automates B2B payments on a secure digital dashboard using numerous payment methods. “Our collaboration with Finrails AP gives business owners more choice, flexibility and security when it comes to making payments.”

Illinois 167