UBS has reached an agreement with the United States Department of Justice (DOJ) to resolve a legacy issue related to Credit Suisse’s Residential Mortgage-Backed Securities (RMBS) business. The matter concerns outstanding obligations under a 2017 settlement between Credit Suisse and the DOJ.
On August 1, 2025, Credit Suisse Securities (USA) LLC agreed to pay USD 300 million to settle all remaining Consumer Relief Obligations from the 2017 agreement. UBS stated that this resolution is part of its ongoing efforts to address legacy matters inherited from Credit Suisse in a manner it describes as fair and balanced for stakeholders.
UBS expects to recognize a credit in its Non-core and Legacy segment during the third quarter of 2025 due to the release of contingent liability set up when it acquired Credit Suisse.
The company also noted that this announcement contains forward-looking statements about its financial performance and strategic initiatives. UBS emphasized that actual results may differ due to various risks and uncertainties, details of which are available in its filings with the U.S. Securities and Exchange Commission, including its Annual Report for 2024 on Form 20-F.
For further information, UBS provided media contacts in Switzerland, the UK, Americas, and APAC regions, as well as investor contact numbers for Switzerland and the Americas.