Credit Suisse to Pay $5.3 Billion to End MBS Suit

For the second time in as many days, a major European bank has reached a financial settlement with the U.S. Justice Department. Credit Suisse (NYSE: CS) will pay a total of nearly $5.3 billion over its misconduct in the sale of mortgage-backed securities (MBS) in the years leading up to last decade’s financial crisis. …read more

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