UBS to Pay $300M to Settle Credit Suisse Mortgage Securities Case

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 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 to Pay $300 Million to Resolve US Mortgage Securities Cases

UBS To Pay $300 Mn To Settle Credit Suisse US Mortage Case

Swiss banking giant UBS said on Monday it agreed to pay $300 million in a deal with the US Department of Justice to settle a subprime crisis case it inherited from Credit Suisse.