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Claim review. Corporate status

Outdated

The claim described an earlier position that has since changed.

The October 2021 DOJ release presented Credit Suisse Group AG as the parent bank that entered the Mozambique deferred prosecution agreement.

About
Credit Suisse Group AG
Claim made by
US Attorney's Office, Eastern District of New York, regulator statement
Published
19 October 2021
Original
Credit Suisse Resolves Fraudulent Mozambique Loan Case in $547 Million Coordinated Global Resolution
Evidence score
84 How it was scored
Last reviewed
25 October 2026

Why this label

In October 2021 Credit Suisse Group AG was a listed parent company and the DOJ described it as the party to the deferred prosecution agreementS1. That corporate position has changed. UBS said that on 12 June 2023 Credit Suisse Group AG was merged into UBS Group AG and its shares stopped tradingS3. UBS reports the Credit Suisse DPA in its own filings and says the DOJ extended it to January 2026S4. The merger has legal effects. UBS says a Swiss court dismissed related money laundering charges against UBS in April 2026, finding criminal liability could not be transferred, and that the prosecutor appealedS5. References to Credit Suisse Group AG as a live company describe the position before June 2023.

Current procedural position

Credit Suisse Group AG merged into UBS Group AG on 12 June 2023S3. Swiss charges against UBS over Mozambique related payments dismissed in April 2026, appeal by the Attorney General pendingS5.

Record supporting the assessment

Credit Suisse Group AG has been merged into UBS Group AG
S3 Tier B UBS Group AG (Form 6-K filed with the SEC), UBS completes Credit Suisse acquisition, 12 June 2023
Today marks the last trading day of Credit Suisse Group AG shares on the SIX Swiss Exchange.
S3 Tier B UBS Group AG (Form 6-K filed with the SEC), UBS completes Credit Suisse acquisition, 12 June 2023
In April 2026, the court dismissed the proceedings, finding criminal liability could not be transferred
S5 Tier B UBS Group AG (Form 6-K filed with the SEC), Litigation, regulatory and similar matters, 29 July 2026

Conflicting or limiting record

Credit Suisse entered into a deferred prosecution agreement with the department
S1 Tier A US Attorney's Office, Eastern District of New York, Credit Suisse Resolves Fraudulent Mozambique Loan Case in $547 Million Coordinated Global Resolution, 19 October 2021

Evidence score: 84 of 100

The score grades how well the record establishes this assessment. It is not a score of Credit Suisse Group AG. Score = source authority + directness + corroboration + procedural accuracy + currency + reproducibility.

ComponentPointsMaxReason
Source authorityIs the source competent to establish the proposition?2430A UBS filing with the SEC is a company record of the merger.
DirectnessDoes the source state the proposition or only discuss adjacent facts?1920The filing states the merger in plain words.
CorroborationDo independent records support the same material point?1015UBS filings of 2026 treat the Credit Suisse matters as UBS matters.
Procedural accuracyDoes the record settle the procedural state the claim describes?1215The merger is complete.
CurrencyHas the record been checked against later developments?910Checked against the UBS report for the quarter to 30 June 2026.
ReproducibilityCan a reader locate the passage and repeat the assessment?1010The filing is on SEC EDGAR.
Total84100

Timeline

  1. DOJ names Credit Suisse Group AG as DPA partyS1
  2. Credit Suisse Group AG merged into UBS Group AGS3
  3. Swiss court dismisses Mozambique related charges against UBS, prosecutor appealsS5

Related cases

  • United States v. Credit Suisse Securities (Europe) Limited and Credit Suisse Group AGUS District Court for the Eastern District of New York. Criminal. 21-CR-520 (Credit Suisse Securities (Europe) Limited) and 21-CR-521 (Credit Suisse Group AG).Stage: Guilty plea by the UK unit. DPA with the parent extended to January 2026, formal end not foundS4
    • Plea to conspiracy to commit wire fraud and DPA announcedS1
    • DOJ extends DPA term to January 2026, per UBSS4
  • Office of the Attorney General of Switzerland v UBS Group AG and UBS AGSwiss criminal court on charges filed by the Office of the Attorney General of Switzerland (court named in the UBS report). Criminal. Not published.Stage: Dismissed in April 2026, appeal by the Attorney General pendingS5
    • Proceedings dismissed, criminal liability found not transferableS5

Revision history

  • Assessment first published with label Outdated.

Have a record that changes this assessment? See corrections and responses.

Sources

  1. S3Tier B UBS completes Credit Suisse acquisitionUBS Group AG (Form 6-K filed with the SEC). Company filing. 12 June 2023.Supports the merger of Credit Suisse Group AG into UBS Group AG. It does not address the DPA.
  2. S5Tier B Litigation, regulatory and similar mattersUBS Group AG (Form 6-K filed with the SEC). Company filing. 29 July 2026.UBS report for the quarter to 30 June 2026. Supports the Swiss charges filed in November 2025, their April 2026 dismissal and the appeal. It does not mention the DPA.
  3. S1Tier A Credit Suisse Resolves Fraudulent Mozambique Loan Case in $547 Million Coordinated Global ResolutionUS Attorney's Office, Eastern District of New York. Regulator press release. 19 October 2021.Supports the DPA, the UK unit's plea, the US$547 million total and the kickback figure. It does not state the SEC and FCA amounts separately.Link working, checked 25 October 2026
  4. S4Tier B Litigation, regulatory and similar mattersUBS Group AG (Form 20-F filed with the SEC). Company filing. 9 March 2026.UBS annual report note for 2025. Supports the three-year DPA and its extension to January 2026. It does not say the DPA has ended.

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