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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

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.


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...

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