UBS has reached an agreement with the United States Department of Justice to pay US$300 million in resolution of outstanding Consumer Relief Obligations originally undertaken by Credit Suisse as part of a 2017 settlement related to its legacy Residential Mortgage-Backed Securities (RMBS) business.
The agreement, finalized on 1 August 2025 by Credit Suisse Securities (USA) LLC, reflects UBS's continued commitment to addressing inherited matters promptly and responsibly following its acquisition of Credit Suisse.
As a result of this agreement, UBS expects to recognize a credit in the third quarter of 2025 within its Non-core and Legacy segment, reflecting the release of a contingent liability established during the acquisition of Credit Suisse and its associated purchase price allocation.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.