UBS Group AG (UBS) is on the verge of a settlement with the U.S. government that could include hundreds of millions of dollars in fines. This was reported by the Wall Street Journal (“WSJ”). The penalties are related to tax evasion at Credit Suisse, which UBS acquired after the bank collapsed in 2023.Per the WSJ report, the potential settlement with the U.S. Justice Department could come as soon as this week. It follows a 2014 plea agreement wherein Credit Suisse admitted to helping wealthy Americans avoid ...