ETRACS Alerian MLP Index ETN Class B ( (AMUB) ) has provided an announcement.
On May 5, 2025, Credit Suisse Services AG, a subsidiary of UBS Group AG, resolved a tax-related investigation with the U.S. Department of Justice by agreeing to pay USD 511 million. This settlement addresses issues related to Credit Suisse’s legacy cross-border business with U.S. taxpayers. UBS, which acquired Credit Suisse, was not involved in the misconduct and aims to resolve legacy issues swiftly. The resolution is expected to impact UBS’s financials in the second quarter of 2025, with a credit from the release of contingent liability and a charge related to the settlement.
More about ETRACS Alerian MLP Index ETN Class B
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