GeneralNeutralFederal Reserve Press · May 156/10
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Federal Reserve Board announces termination of enforcement actions with UBS Group AG, Credit Suisse AG, Credit Suisse Holdings (USA), Inc., and Credit Suisse AG, New York Branch
The Federal Reserve Board terminated enforcement actions against UBS Group AG and Credit Suisse entities following UBS's acquisition of Credit Suisse in March 2023. This resolution removes regulatory obstacles that had constrained these institutions' operations and signals the Fed's pragmatic approach to resolving enforcement matters during systemic banking consolidations.