UBS(US:UBS) Ge Long Hui·2025-08-04 09:13Core Insights - UBS shares rose by 1.8% in pre-market trading following an agreement with the U.S. Department of Justice to resolve legacy issues related to Credit Suisse's sale of mortgage-backed securities in the U.S. [1] Group 1: Agreement Details - UBS Group announced that it has reached an agreement with the U.S. Department of Justice to address unresolved consumer relief obligations stemming from Credit Suisse's past activities [1] - Credit Suisse Securities (USA) LLC will pay $300 million to settle all outstanding consumer relief obligations under a 2017 settlement agreement [1] Group 2: Financial Implications - UBS expects to recognize credit income from non-core and legacy businesses, which will arise from the release of contingent liabilities established during the purchase price allocation process of acquiring Credit Suisse [1]