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Report: UBS Nears Settlement of US Case Involving Credit Suisse
UBSUBS(UBS) PYMNTS.com·2025-01-10 04:44

UBS reportedly could settle a case this week involving Credit Suisse, which UBS acquired in 2023.The bank is set to pay hundreds of millions of dollars in the settlement of the case brought by the U.S. Department of Justice, The Wall Street Journal (WSJ) reported Thursday (Jan. 9), citing unnamed sources.UBS did not immediately reply to PYMNTS’ request for comment.The case involves Credit Suisse’s violations of an agreement with the DOJ. The bank failed to follow through on its promise to provide the author ...