Credit Suisse Gives $5 Billion Justice Department Settlement A Hard Pass
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Let’s say you’re a major European bank still facing a multibillion-dollar fine over subprime-era mortgage misdeeds. At this juncture, you have two options. First, you can settle with the Obama Department of Justice, whose approach has favored big, eye-popping settlements in lieu of individual charges, with the possibility of not having to admit guilt.
Alternatively, you can hold out a month longer and see what happens under a Trump administration, which is essentially a giant question mark. The free-market conservative tilt of Trump’s cabinet appointments could signal a DOJ ready to retract its claws. But it’s equally conceivable that the Trump DOJ cranks up the populist-nationalist dial to 11…
Credit Suisse Gives $5 Billion Justice Department Settlement A Hard Pass
