Credit Suisse to pay $495 mn in US to settle securities case

Credit Suisse Pays $495 Million to Settle Legacy US Case

ZURICH—Credit Suisse has agreed to pay $495 million to settle a case related to mortgage-linked investments in the United States, the latest pay-out related to past blunders that have battered the Swiss bank’s reputation. The lender has been paying out billions of dollars to resolve legal cases linked to its residential mortgage-backed securities (RMBS) business in the run up to the 2008 financial crisis. The decline in mortgage payments reduced…

Credit Suisse pays 495 million dollars to close the latest lawsuit on US mortgages. He leaves the number one investment bank - Il Fatto Quotidiano

Credit Suisse has agreed to pay 495 million dollars (507 million euros) to close the latest case related to the sale in the United States of products related to real estate loans. The accusation, supported by the New Jersey Attorney General, stated that the Swiss group had “misled investors” and had engaged in deceptive and fraudulent behavior in relation to the offer. and the sale of these products.” The district attorney's office had sought pa…

Credit Suisse Pays $495 Million Tied to Mortgage-backed Securities

New Jersey Attorney General, which announced the settlement Monday, filed a lawsuit in 2013 alleging more than $3 billion in damages citing the involvement of Credit Suisse

Credit Suisse to pay $495 million to settle case concerning 2008 financial crisis

The Switzerland-based investment banking company Credit Suisse said on Monday that it will pay $495 million to settle a dispute concerning mortgage-backed securities.

Credit Suisse pays $495M tied to mortgage-backed securities

By MICHELLE CHAPMANCredit Suisse has agreed to pay $495 million as part of a settlement with the U.S. over a yearslong dispute tied to mortgage-backed securities, an investment vehicle that played a central role in the 2008 financial crisis. The Swiss bank said that some of the transactions were prior to 2008.The New Jersey Attorney General, which announced the settlement Monday, filed a lawsuit in 2013 alleging more than $3 billion in damages c…

Credit Suisse pays $495M tied to mortgage-backed securities

Credit Suisse has agreed to pay $495 million as part of a settlement with the U.S. over a yearslong dispute tied to mortgage-backed securities, an investment vehicle that played a central role in the 2008 financial crisis