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UBS resolves RMBS matter with US Department of Justice

Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules

ZURICH & BASEL Switzerland--(BUSINESS WIRE)-- 

UBS (NYSE:UBS) (SWX:UBSN) has reached an agreement with the United States Department of Justice (DOJ) to settle a legacy matter from 2006-2007, related to the issuance, underwriting and sale of residential mortgage-backed securities (RMBS). Under the terms of the settlement, UBS will pay USD 1.435bn to resolve all civil claims by the DOJ in connection with UBS’s legacy RMBS business in the US. The settlement has been fully provisioned in prior periods.

UBS Group AG and UBS AG

Investor contact
Switzerland: +41-44-234 41 00

Media contact
Switzerland: +41-44-234 85 00
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APAC: +852-297-1 82 00

www.ubs.com/media

Cautionary statement regarding forward-looking statements

This document contains statements that constitute forward-looking statements. While these statements represent UBS’s judgments and expectations concerning the matters described, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from UBS’s expectations. Additional information about those factors is set forth in documents furnished and filings made by UBS with the US Securities and Exchange Commission, including the filings on Form 6-K dated 20 March 2023 and the Annual Report on Form 20-F for the year ended 31 December 2022. UBS undertakes no obligation to update the information contained herein.

Investor Relations
Tel. +41 44 234 41 00

Media Relations
Tel. +41 44 234 85 00

Category Code: MSCU
Sequence Number: 1154501
Time of Receipt (offset from UTC): 20230814T135050+0100

Contacts

UBS Group AG

UBS Group AG

LSE:0R3T
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Contacts

UBS Group AG

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