UBS Says Credit Suisse Services Resolves Tax Matter With DOJ, Will Pay $511 Mln
ReutersMay 5, 2025 6:52 PM
May 5 (Reuters) - UBS Group AG UBSG.S:
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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