UBS Agrees to $300 Million Settlement in US Mortgage Securities Cases

UBS will pay $300 million to settle a long‑standing U.S. case, bringing closure to disputes tied to past mortgage‑backed securities dealings. The case is linked to mortgage‑backed securities sold before the 2008 financial crisis. This deal wraps up obligations inherited from Credit Suisse, which UBS bought in a government‑brokered rescue in 2023. For years, these cases have been a shadow on the banking industry, costing major lenders billions in penalties and relief programs.