UBS will pay U.S. authorities $1.44 billion to settle the last lingering legal case over Wall Street’s role in the housing bubble of the early 2000s, which ultimately led to the 2008 financial crisis and Great Recession.
Tag: financial crisis
Officials Study Ways to Insure All Bank Deposits If Crisis Grows
U.S. officials are studying ways they might temporarily expand FDIC coverage to all deposits, a move sought by a coalition of banks arguing that it’s needed to head off a potential financial crisis.