UBS Settles With DOJ Over Legacy Credit Suisse RMBS Case
UBS has resolved another legacy issue stemming from its acquisition of Credit Suisse, reaching a settlement with the US Department of Justice related to the bank’s former Residential Mortgage-Backed Securities business.
In a statement released Monday, Swiss bank UBS announced that on 1 August 2025, Credit Suisse Securities (USA) LLC agreed with the US Department of Justice (DOJ) to fulfill all remaining consumer relief obligations under a 2017 settlement originally concluded between Credit Suisse and the DOJ. The resolution includes a payment of $300 million.
As a result of this agreement, UBS expects to record a credit in its Non-core and Legacy segment in the third quarter of 2025. This will come from the release of a contingent liability that had been recognized during the purchase price allocation process following the acquisition of Credit Suisse.
The settlement marks further progress in UBS’s efforts to address outstanding legacy matters inherited from Credit Suisse. It aligns with the bank’s stated commitment to resolve such issues swiftly, fairly, and responsibly, serving the best interests of all stakeholders.
