The Federal Reserve Board announced that it terminated on May 12, 2026 the cease and desist order dated July 21, 2023 against UBS Group AG, Credit Suisse AG, Credit Suisse Holdings (USA), Inc., and Credit Suisse AG, New York Branch.
Federal Reserve Board2026-05-15
United States Federal Reserve Board terminates 2023 cease and desist order against UBS Group and Credit Suisse entities
The Federal Reserve Board terminated, effective May 12, 2026, the July 21, 2023 cease and desist order against UBS Group AG, Credit Suisse AG, Credit Suisse Holdings (USA), Inc., and Credit Suisse AG, New York Branch.