Credit Suisse to Pay $885 Million to Settle FHFA Lawsuits - InvestingChannel

Credit Suisse to Pay $885 Million to Settle FHFA Lawsuits

“Credit Suisse was among 18 lenders sued by the FHFA in 2011 to recoup losses on about $200 billion in mortgage-backed securities sold to the two government-sponsored companies before the financial crisis. Nine companies, including JPMorgan Chase & Co., Deutsche Bank AG and UBS AG (UBSN), have agreed to pay more than $9.2 billion to settle similar lawsuits by FHFA.”