Exclusive: Credit Suisse Probed Over Mortgages – Sources

by The Compliance Exchange on October 5, 2012

Exclusive: Credit Suisse Probed Over Mortgages - SourcesU.S. federal and state authorities are investigating Credit Suisse AG over mortgage-backed securities packaged and sold by the bank, people familiar with the probe said on Thursday.

The Justice Department and the New York Attorney General are among those probing Credit Suisse’s actions, according to the sources, who spoke on condition of anonymity.

A spokesman for Credit Suisse, Switzerland’s second-largest bank, declined to comment.

Read Full Article At Reuters

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