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Report: UBS Nears Settlement of US Case Involving Credit Suisse

  • UBS is reportedly nearing a settlement of a case involving Credit Suisse, which it acquired in 2023.
  • The bank is set to pay hundreds of millions of dollars in the settlement of the case brought by the U.S. Department of Justice.
  • The case involves Credit Suisse's violations of an agreement with the DOJ regarding undeclared American-held accounts.
  • UBS inherited all the rights and obligations of Credit Suisse after completing the merger in June.

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