The deal settles Credit Suisse’s outstanding obligations relating to mortgage-backed bonds sold before the 2008 financial ...

The Zurich-based lender’s agreement with the U.S. Justice Department will resolve the remaining consumer relief obligations ...

The obligations stem from a 2017 agreement related to the bank's legacy residential mortgage-backed securities business.

UBS, which acquired Credit Suisse in 2023, said Monday (Aug.4) that it has agreed to pay $300 million to bring the legacy ...

UBS Group AG is sounding out investors for a potential significant risk transfer, according to people familiar with the ...

UBS stock was up some 2% in Zurich while Credit Suisse shares cratered by some 60%. As a result of the deal, UBS has seen its total assets balloon to a whopping $5 trillion.

Shares of Credit Suisse plunged 60.5% on Monday after banking giant UBS said it would buy its troubled Swiss rival for almost $3.25 billion in a deal orchestrated by regulators to try to stave off ...

UBS and Credit Suisse posted their biggest daily decline in 10 days, falling around 4% in early trading before paring losses to stay down 2.9% and 2.4%, respectively.

UBS was already the largest private wealth manager in the world before it agreed to buy fellow Swiss bank Credit Suisse. A forced merger will now broaden UBS's already sprawling client base, but ...

Shares of Credit Suisse, whose woes stem from questions over its internal controls, closed nearly 56% lower a day after UBS said it would buy its fellow Swiss bank for a lowball price of 3 billion ...

UBS is set to begin slashing jobs at Credit Suisse. New York bankers and traders are among those most at risk of the chop. Huge cuts follow layoffs by Goldman Sachs, Morgan Stanley, JPMorgan and ...

Banking giant UBS is buying troubled rival Credit Suisse for almost $3.25 billion, in a deal orchestrated by regulators in an effort to avoid further market-shaking turmoil in the global banking ...