US Seeks $5-7 billion from Credit Suisse Over Mortgage Mis-selling Claims

[kreslik.news]

The US Department of Justice is asking Credit Suisse to pay between $5 billion and $7 billion to settle an investigation into its selling of mortgage-backed securities, a source with knowledge of the matter told Reuters on Tuesday.


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The claim against Credit Suisse, which is likely to be negotiated in 2017, far outstrips the bank’s and investors’ expectations. Additionally, key government officials involved in the negotiations could be changed when President-elect Donald Trump takes office next month.

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