The obligations stem from a 2017 agreement related to the bank's legacy residential mortgage-backed securities business.

UBS, which acquired Credit Suisse in 2023, said Monday (Aug.4) that it has agreed to pay $300 million to bring the legacy matter to an end. The agreement was made with the DoJ on August 1 and will ...

Swiss banking giant UBS said on Monday it agreed to pay $300 million in a deal with the US Department of Justice to settle a subprime crisis case it inherited from Credit Suisse.

The deal settles Credit Suisse’s outstanding obligations relating to mortgage-backed bonds sold before the 2008 financial ...

UBS, which acquired Credit Suisse in a state-backed rescue in 2023, said the new agreement would “resolve all of Credit Suisse’s outstanding consumer relief obligations under the 2017 settlement by ...

UBS settles $300M with DOJ over Credit Suisse’s RMBS obligations tied to 2008 crisis, fulfilling remaining consumer relief ...

Credit Suisse, which had reached a settlement with the DOJ in 2017, was taken over by UBS in 2023 following a series of ...

Exxon Mobil CEO Darren Woods said the oil giant is looking for acquisition opportunities in the oil-and-gas space after losing its challenge to Chevron's $53 billion deal to buy Hess. The automaker ...

Swiss multinational investment bank UBS said on Monday that it had reached a deal with the United States Department of ...

UBS Group AG is sounding out investors for a potential significant risk transfer, according to people familiar with the ...

Swiss banking giant UBS said today it agreed to pay US$300 million (RM1.3 billion) in a deal with the US Department of ...

UBS has agreed to pay $300mn to resolve a legacy Credit Suisse case in the US related to the mis-selling of residential ...