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BRIEF-UBS Says Credit Suisse Services Resolves Tax Matter With DOJ, Will Pay $511 Mln
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BRIEF-UBS Says Credit Suisse Services Resolves Tax Matter With DOJ, Will Pay $511 Mln
May 26, 2025 1:27 AM

May 5 (Reuters) - UBS Group AG:

* UBS- CREDIT SUISSE SERVICES AG RESOLVES TAX MATTER WITH

DOJ,

WILL PAY USD 511M

* UBS- UBS WAS NOT INVOLVED IN THE UNDERLYING CONDUCT AND

HAS ZERO

TOLERANCE FOR TAX EVASION

* UBS- IN Q2 OF 2025, CO EXPECTS TO RECOGNIZE CREDIT FROM

PARTIAL

RELEASE OF THE CONTINGENT LIABILITY ESTABLISHED WITH THE

ACQUISITION OF CREDIT SUISSE

* UBS- EXPECTS TO RECORD A CHARGE IN THE SECOND QUARTER IN

RELATION TO THIS RESOLUTION.

Source text: https://bit.ly/3ESQQCZ

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