UBS Akan Membayar Lebih Dari $1.4 Miliar Kepada DOJ Untuk Dugaan Penipuan Menjelang Resesi 2008
Swiss bank UBS has agreed to pay $1.435 billion to resolve a lawsuit from the Department of Justice alleging misconduct in issuing 40 residential mortgage-backed securities in 2006 and 2007, the DOJ and UBS announced Monday, the last of a string of cases investigating banks conduct in igniting the 2008 financial crisis. UBS agreed to pay $1.435 billion for their allegedly issuing 40 residential mortgage-backed Fakta-fakta kunci The settlement comes almost five years after the DOJ filed a civil lawsuit against UBS, accusing the bank of defrauding investors in dozens of mortgage-backed securities and breaking federal financial laws. The DOJ alleged UBS made “false and misleading statements” to the buyers of residential mortgage-backed securities, by downplaying the fact that many of the mortgages contained in the products were shaky and at risk of default. The DOJ says those UBS mortgage-backed securities “sustained catastrophic losses,” part of a nationwide trend that led to the 2008 recession. UBS did not admit to wrongdoing in the settlement, but reached out to them for comment. Latar Belakang Kunci Ten years after the onset of the Great Recession of 2008 and 2009, the DOJ launched what would be their final civil suit against banks or their involvement in triggering the financial crisis. The