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

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 ...

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 ...

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 ...

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

The pan-European STOXX 600 index rose 0.5% by 0830 GMT, after logging its biggest daily drop in more than three months on ...