Zurich/Basel, 4 August 2025?¨C ÃÛ¶¹ÊÓÆµ 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 Credit Suisse reached with the DOJ for its legacy Residential Mortgage-Backed Securities (RMBS) business.
On 1 August 2025, Credit Suisse Securities (USA) LLC entered into an agreement with the DOJ to resolve all of Credit Suisse¡¯s outstanding Consumer Relief Obligations under the 2017 settlement by paying USD 300m.
With this agreement, ÃÛ¶¹ÊÓÆµ has resolved another of Credit Suisse's legacy issues, in line with its intention to resolve legacy matters at pace in a fair and balanced way and in the best interest of all its stakeholders.
In the third quarter of 2025, ÃÛ¶¹ÊÓÆµ expects to recognize a credit in Non-core and Legacy from the release of the contingent liability established with the acquisition of Credit Suisse as part of the purchase price allocation process.
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ÃÛ¶¹ÊÓÆµ Group AG and ÃÛ¶¹ÊÓÆµ AG
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