News

UBS, Credit Suisse

UBS to pay $300M to settle Credit Suisse mortgage securities case
The Zurich-based lender’s agreement with the U.S. Justice Department will resolve the remaining consumer relief obligations from the 2017 settlement, UBS said Monday.
UBS to settle Credit Suisse’s RMBS obligations with $300m payment
The obligations stem from a 2017 agreement related to the bank's legacy residential mortgage-backed securities business.
UBS to Pay $300 Million to Settle Credit Suisse Obligations Under DOJ Deal
The deal settles Credit Suisse’s outstanding obligations relating to mortgage-backed bonds sold before the 2008 financial crisis.
UBS reaches $300 million settlement for Credit Suisse mortgage case
UBS settles $300M with DOJ over Credit Suisse’s RMBS obligations tied to 2008 crisis, fulfilling remaining consumer relief terms from a 2017 deal.
UBS pays $300mn to settle Credit Suisse mortgage-backed securities case
UBS has agreed to pay $300mn to resolve a legacy Credit Suisse case in the US related to the mis-selling of residential mortgage-backed securities in the run-up to the 2008 financial crisis.
UBS to settle outstanding Credit Suisse RMBS case with $300M payment
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 resolve all of Credit Suisse’s outstanding Consumer Relief Obligations under the 2017 settlement.
UBS: Credit Suisse Deal Two Years Later
More than two years have passed since the announcement of the Credit Suisse deal. UBS's earnings and sales are slowly improving. UBS has plenty of upside potential thanks to Credit Suisse assets and cleint base. UBS stock is not undervalued. I rate it as a "Hold."
UBS to pay $300 million to resolve US mortgage securities cases
UBS on Monday said it will pay $300 million to settle outstanding obligations related to the misselling of mortgage-linked investments by Credit Suisse in the United States.
UBS says savings from Credit Suisse deal reach $9.1 billion as profit tops forecast
UBS said it’s now achieved $9.1 billion of gross savings from its purchase of Credit Suisse as the Swiss banking giant reported stronger-than-forecast second-quarter earnings.
Credit Suisse $17B AT1 Bond Collapse, Dario Item’s Role in Landmark Global Investor Case
Dario Item plays a key role in a $17B Credit Suisse bond case that could reshape global investment laws. A landmark $17 ...
New York Post2y
UBS agrees to buy troubled Credit Suisse for more than $3B to ‘secure ...
But Credit Suisse has seen its shares fall by 84% over the past two years, with UBS instead seeing its stock soar by 15%. As Switzerland’s second biggest bank, Credit Suisse employed more ...
NPR2y
UBS completes takeover of Credit Suisse : NPR
UBS said Monday that it has completed its takeover of embattled rival Credit Suisse in a bid to safeguard Switzerland's reputation as a global financial center and choke off market turmoil.
UBS may find an opportunity in the Swiss tariff crisis
UBS is facing up to $26bn in new capital requirements that would push the relative amount of equity it must have on its balance sheet far higher than international peers. Swiss goods exporters, ...