Dec
25
Credit Suisse to Pay $5.3 Billion to Resolve Mortgage Inquiry
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A Credit Suisse building in Milan. The bank said the settlement related to business primarily conducted from 2005 to 2007. CreditStefano Rellandini/Reuters
LONDON — Credit Suisse said on Friday that it had agreed to pay $5.3 billion to settle an investigation by the United States authorities into the packaging and sale of mortgages ahead of the global financial crisis eight years ago.
The announcement came a day after the Justice Department sued Barclays over the sale of toxic mortgage securities and Deutsche Bank separately said it had reached a tentative $7.2 billion deal to resolve an investigation into its sale of securities backed by residential mortgages…
Credit Suisse to Pay $5.3 Billion to Resolve Mortgage Inquiry
