The quantity to be paid by UBS may very well be about $200 million, in line with an evaluation by Bloomberg Intelligence.
UBS mentioned in its third-quarter report that it had a provision for potential prices tied to inquiries into its cross-border wealth administration companies, together with the Credit score Suisse’s compliance with the 2014 plea deal.
It didn’t disclose an quantity for the supply.
UBS reached a settlement with Mozambique in 2023 over the so-called tuna-boat scandal, during which Credit score Suisse was alleged to have engaged in corrupt practices across the financing of a fishing fleet.
In the identical yr, UBS agreed to pay $1.44 billion to settle a protracted operating case of its personal within the U.S., associated to mortgage backed securities.
(Credit score: Adobe Inventory)
