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UBS says it has reached an agreement with the US Department of Justice to resolve a legacy Credit Suisse matter related to the former bank’s role in selling residential mortgage-backed securities in the US https://t.co/KFKsTTlhHS
UBS to Pay $300 Million to Settle Credit Suisse Obligations Under DOJ Dea https://t.co/y9HXrxIJQB
UBS Confirms Settlement With US Department of Justice Over Credit Suisse Issue and Pays $300 Million 💵🏦.
UBS Group AG said it has reached a settlement with the U.S. Department of Justice, agreeing to pay $300 million to resolve a long-running investigation tied to legacy Credit Suisse activities. The case concerned Credit Suisse’s role in the sale of residential mortgage-backed securities in the United States. UBS, which inherited the exposure, said the agreement fully resolves the matter with the Justice Department.
