Federal Reserve ends enforcement actions against UBS and Credit Suisse entities
5 reported
The Federal Reserve Board announced on May 15, 2026, the termination of enforcement actions against UBS Group AG, Credit Suisse AG, Credit Suisse Holdings (USA), Inc., and Credit Suisse AG, New York Branch. The actions were terminated effective May 12, 2026. The enforcement actions had been in place since a Cease and Desist Order dated July 21, 2023. The announcement was made for release at 11:00 a.m. EDT on Friday. No further details about the nature of the enforcement actions or reasons for termination were provided in the release.
What’s reported
The Federal Reserve Board announced termination of enforcement actions on May 15, 2026.
Entities involved: UBS Group AG (Zurich), Credit Suisse AG (Zurich), Credit Suisse Holdings (USA), Inc. (New York), and Credit Suisse AG, New York Branch (New York).
The enforcement action was a Cease and Desist Order dated July 21, 2023.
The termination date was May 12, 2026.
The announcement was made at 11:00 a.m. EDT.
Sources: federalreserve.gov
