Overview
- UBS will pay $300 million to fulfill all remaining consumer relief duties under Credit Suisse’s 2017 U.S. Department of Justice RMBS settlement.
- The 2017 agreement held Credit Suisse responsible for $5.7 billion in claims over alleged misrepresentations in residential mortgage-backed securities before the 2008 financial crisis.
- Past resolutions include a $495 million settlement with New Jersey authorities in 2022 and a $511 million U.S. tax-evasion agreement reached in May 2025.
- UBS said the deal reflects its commitment to clearing inherited legal liabilities swiftly and equitably in the interests of its stakeholders.
- Funding from UBS’s non-core unit is expected to release contingent liabilities and boost third-quarter results by freeing up provisions.