The potential payout relates to an earlier deal over tax evasion by U.S. clients of Credit Suisse, the rival Swiss bank that UBS acquired in 2023.

UBS is set to pay hundreds of millions of dollars in fines to settle Credit Suisse's tax evasion case with the US government.

A former Credit Suisse Group AG client was charged with a tax-evasion conspiracy in the US as officials weigh whether the bank — now owned by UBS Group AG — breached a 2014 plea deal in which it paid $2.

UBS Group (NYSE:UBS) is close to paying hundreds of millions of dollars for alleged violations by Credit Suisse of an earlier agreement with the U.S. Justice Department regarding U.S. clients who evaded tax,

UBS Group AG is close to making a settlement in the hundreds of millions of dollars over violations by Credit Suisse of a decade-old agreement with the U.S. Department of