UBS (UBUS) is reportedly close to a settlement with the U.S. Department of Justice (DOJ) over Credit Suisse's violations of a 2014 plea agreement, potentially involving a payout of hundreds of ...
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Will AI fix legacy IT struggles or create new ones?
In the rush to adopt artificial intelligence (AI) technologies, do companies risk exacerbating existing problems with technical debt – or might AI provide the answer to effectively tackling them? It’s ...
ZURICH (Reuters) -UBS on Monday said it will pay $300 million to settle outstanding obligations related to the misselling of mortgage-linked investments by Credit Suisse in the United States. On ...
A 2017 settlement between the US Department of Justice and Credit Suisse relating to residential mortgage-backed securities is finally nearing conclusion. UBS, which acquired Credit Suisse in 2023, ...
UBS pays US Department of Justice $300 million in continued clean-up of Credit Suisse legacy matters
UBS has previously stated its objective to address Credit Suisse’s outstanding matters “swiftly, fairly, and in a balanced manner, in the best interest of all stakeholders”. UBS has resolved the ...
The Public Accounts Committee (PAC) has urged the government to fix legacy IT issues if it wants to succeed with artificial intelligence (AI)-powered public sector initiatives. The PAC’s Use of AI in ...
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