UBS to Pay $300M to Settle Credit Suisse Mortgage Securities Lawsuit
Key Takeaways UBS agreed to a 5.28B RMBS settlement.UBS faces rising litigation provisions as inherited Credit Suisse fines continue to accumulate.UBS Group AG (UBS) has agreed to pay $300 million to the United States Department of Justice (DOJ) to resolve a legacy matter related to the mis-selling of mortgage-linked investments by Credit Suisse in the United ...