UBS has reached a settlement with the U.S. Department of Justice (DOJ) to resolve a legacy matter related to outstanding obligations stemming from a 2017 agreement between Credit Suisse and the DOJ regarding the bank’s former Residential Mortgage-Backed Securities (RMBS) business. The agreement was disclosed in a press release issued by UBS on Monday.

On August 1, 2025, Credit Suisse Securities (USA) LLC signed an agreement with the DOJ to fulfill all remaining consumer relief obligations under the 2017 settlement. The resolution includes a payment of USD 300 million.

UBS expects to record a credit in its Non-core and Legacy segment in the third quarter of 2025, resulting from the release of a contingent liability that had been recognized as part of the purchase price allocation during the acquisition of Credit Suisse.

With this settlement, UBS has resolved another Credit Suisse legacy issue—consistent with the bank’s stated objective to address remaining legacy matters swiftly, fairly, and in a balanced manner, in the best interest of all stakeholders.