The current pace of job cuts means UBS is set to miss the internal target of reducing its full-time headcount to 85,000 by the end of 2026, when it is set to complete the integration of its former ...

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.

According to a media report, the planned job cuts at UBS are progressing more slowly than expected. But the fact that the ...

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

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

UBS has agreed to pay $300mn to resolve a legacy Credit Suisse case in the US related to the mis-selling of residential ...

The person added that the cost-reduction process was “not a straight line” and that UBS could not shut down some legacy Credit Suisse systems until client migration is completed, which is expected by ...

UBS is pleased to announce that it has reached an agreement with the United States Department of Justice (DOJ) to resolve a legacy matter related to outstanding obligations under a 2017 agreement ...

UBS has reached an agreement in the US with the US Department of Justice (DOJ) for another Credit Suisse legacy issue. As ...

The historic rescue of Credit Suisse by UBS in March 2023 represents the first major bank merger of the net zero era, as climate change forces the sector to grapple with a new layer of risk. And ...

UBS reported net profit of $29 billion for the second quarter. The bumper profit is due to a huge one-off gain that reflects how the acquisition costs were far below Credit Suisse's value.