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The Zurich-based lender’s agreement with the U.S. Justice Department will resolve the remaining consumer relief obligations ...
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 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 ...
UBS settles $300M with DOJ over Credit Suisse’s RMBS obligations tied to 2008 crisis, fulfilling remaining consumer relief ...
In the 2017 agreement, Credit Suisse agreed to pay $5.7 billion as settlement fees for hiding the actual value of ...
UBS Group agreed to pay $300 million to settle outstanding obligations Credit Suisse had committed to in a deal with the U.S. Justice Department over bonds backed by mortgages sold before the 2008 ...
UBS on Monday said it will pay $300 million to settle outstanding obligations related to the misselling of mortgage-linked ...