You are here

Credit Suisse resolves US mortgage probe for US$5.3b

But the civil settlement doesn't preclude the government from seeking criminal charges against the company or individual executives

BT_20170121_CPSUISSE21_2702806.jpg
Mr Thiam has already tapped shareholders for six billion Swiss francs (S$8.5 billion) in late 2015 and is planning a partial public offering of the Swiss unit late this year to shore up capital.

Zurich

CREDIT Suisse Group AG and the Justice Department completed a US$5.3 billion agreement to settle a US investigation into the bank's sales of toxic mortgage debt before the financial crisis.

Credit Suisse will pay a US$2.5 billion civil penalty and US$2.8 billion in consumer

sentifi.com

Market voices on:

Powered by GET.comGetCom