Credit Suisse
UBS Pays Price for Credit Suisse Rescue with $300M Deal
- Swiss bank settles another legacy issue from its troubled acquisition as cleanup costs mount.
- The payment resolves outstanding consumer relief requirements over MBSs before the 2008 financial crisis.
Monday, 04/08/2025 | 07:46 GMT by
Damian Chmiel
Billionaires' Secret Swiss Accounts Just Cost UBS $511 Million
- UBS will pay over $0.5B to settle a U.S. investigation into Credit Suisse's tax evasion practices involving wealthy Americans.
- The case revealed Credit Suisse helped clients hide over $4 billion from tax authorities despite a previous 2014 agreement to stop such practices.
Tuesday, 06/05/2025 | 07:07 GMT by
Damian Chmiel
Credit Suisse Under Scrutiny: FINMA Report Exposes Regulatory Gaps
- The authority conducted 43 investigations, issuing nine reprimands and filing 16 criminal charges.
- Credit Suisse was rescued by UBS under authorities' deal amid risk management failures.
Tuesday, 19/12/2023 | 13:39 GMT by
Tareq Sikder
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