Report: UBS Nears Settlement of US Case Involving Credit Suisse
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UBS is reportedly close to settling a U.S. Department of Justice case involving Credit Suisse, which it acquired in 2023. The settlement could involve UBS paying hundreds of millions of dollars.
January 09, 2025 | 9:00 pm
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UBS is nearing a settlement with the U.S. Department of Justice over a case involving Credit Suisse, which it acquired in 2023. The settlement could cost UBS hundreds of millions of dollars.
The settlement involves a significant financial outlay by UBS, which could negatively impact its short-term financial performance. The case is directly related to UBS's acquisition of Credit Suisse, making it highly relevant to UBS's current operations.
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