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Credit Suisse asked to cough up US$5-7b in US settlement of toxic debt probe

Wednesday, December 21, 2016 - 05:50

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The US Department of Justice has asked Credit Suisse to pay between US$5 billion and US$7 billion to settle a probe over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, a source with knowledge of the matter said, but the bank has resisted settling for that amount.

Zurich

THE US Department of Justice has asked Credit Suisse to pay between US$5 billion and US$7 billion to settle a probe over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, a source with knowledge of the matter said, but the bank has resisted settling

sentifi.com

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