UBS has announced an agreement with the United States Department of Justice (DOJ) to resolve a legacy issue tied to Credit Suisse’s previous obligations. The matter concerns outstanding commitments under a 2017 settlement between Credit Suisse and the DOJ related to its former Residential Mortgage-Backed Securities (RMBS) business.
On August 1, 2025, Credit Suisse Securities (USA) LLC entered into an agreement with the DOJ to address all remaining Consumer Relief Obligations from the 2017 settlement. As part of this resolution, UBS will pay $300 million.
"With this agreement, UBS has resolved another of Credit Suisse's legacy issues, in line with its intention to resolve legacy matters at pace in a fair and balanced way and in the best interest of all its stakeholders," UBS stated.
UBS indicated that it expects to recognize a credit in Non-core and Legacy during the third quarter of 2025 due to the release of a contingent liability established when acquiring Credit Suisse as part of its purchase price allocation process.