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UBS pays $300m to settle legacy Credit Suisse mortgage-backed securities case

Investment Banking Editor

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UBS has paid $300m to draw a line under a long-running settlement related to Credit Suisse’s role in selling residential mortgage-backed securities in the US. 

The Swiss bank said that it has reached an agreement with the US Department of Justice to resolve its obligations for a 2017 settlement by Credit Suisse. 

UBS pays $300m to settle legacy Credit Suisse RMBS case

The Swiss back is looking to draw a line under the issues of its former rival

Paul Clarke

Banking

Finance

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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US law firm hires private equity specialist from key client

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The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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Britain’s Lottie Woad became one of the top players in the world by demolishing professionals while she was still an amateur. Now, she’s ready to start winning majors.

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Work-to-party founder Adam Neumann liked to say he ran a tech company. WeWork’s new, postbankruptcy marketing chief is tasked with positioning the brand as an old-fashioned office space provider.

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The shooter who killed four including Blackstone executive and NYPD officer left suicide note indicating he believed he had CTE from brain trauma, Adams says

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The leaders of America’s chip giants cheered the president’s artificial intelligence orders, which could help boost the domestic semiconductor industry.

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The Davos founder rejected preliminary findings of misconduct, including improper travel expenses and gifts.

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The Italian bank lifted earnings and shareholder-distributions guidance after reporting better-than-expected profit, looking to turn the page on its aborted takeover bid for its smaller peer.

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