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Credit Suisse Ex-Officials Settle for $115 Million Over Risk Management Issues
ByAinvest
Friday, Aug 29, 2025 12:29 pm ET1min read
Former Credit Suisse officials have reached a $115 million settlement over allegations of poor risk management. UBS Group AG operates in four areas: wealth management, investment banking, retail and corporate banking, and asset management. At the end of 2024, the group had $745.8 billion in current deposits and $580 billion in current loans.
A group of former Credit Suisse Group AG executives and directors, led by ex-chairman Urs Rohner, has agreed to pay $115 million to settle a shareholder suit alleging inadequate risk management. The settlement, preliminarily approved by a New York judge on Thursday, will be paid to UBS Group AG as the successor to Credit Suisse and will be funded by the insurers of the directors and officers [1].UBS Group AG, a leading Swiss financial services provider, has seen its price target raised to $42 by the investment banking giant, with the rating maintained as "buy." This update comes amidst broader economic uncertainties and geopolitical tensions that have led to a significant decline in investor sentiment in the Swiss market, with the Swiss investor sentiment indicator plummeting to -53.8 in August [2].
UBS Group AG operates in four main areas: wealth management, investment banking, retail and corporate banking, and asset management. As of 2024, the group had USD 745.8 billion in current deposits and USD 580 billion in current loans. Despite the challenging environment, UBS has been proactive in leveraging technology to enhance its financial services. Recently, the company invested in Domino Data Lab, a platform that supports data scientists and engineers in building, training, and deploying machine learning models [3].
The settlement and UBS's strategic investments highlight the company's commitment to resilience and growth. The company's diversified portfolio and robust financial position provide a solid foundation for navigating the uncertain financial landscape.
References:
[1] https://news.bloomberglaw.com/financial-accounting/ex-credit-suisse-executives-settle-risk-suit-for-115-million
[2] https://www.ainvest.com/news/ubs-raises-pt-42-maintains-buy-rating-banking-giant-2508/
[3] https://www.ainvest.com/news/swiss-investor-sentiment-plummets-53-8-august-ubs-group-ag-financial-breakdown-2508/
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