UBS Group to Pay $511M to Settle Credit Suisse Tax Evasion Case

UBS Group AG UBS agreed to pay $511 million to resolve a tax probe by the U.S. Department of Justice (“DOJ”) against Credit Suisse for preparing false income tax returns and tax evasion. UBS Group AG acquired Credit Suisse in 2023.More on UBS's Tax Probe Settlement The two-year investigation by...