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The Avanti Law Group: Credit Suisse Waits for $11 Billion Answer in N.Y. Fraud Suit - 1 views

www.sfgate.com/...-Billion-Answer-in-5247562.php

The Avanti Law Group Credit Suisse Waits for $11 Billion Answer in N.Y. Fraud Suit

shared by Rhiza Jane on 01 Mar 14 - No Cached

Cristina Tupper liked it

Rhiza Jane on 01 Mar 14

As Credit Suisse Group AG sees it, time has run out on New York Attorney General Eric Schneiderman's pursuit of Wall Street banks for mortgage fraud that helped trigger the financial crisis. Schneiderman sued Credit Suisse in 2012 as part of a wide- ranging probe into mortgage bonds. He claimed Switzerland's second-largest bank misrepresented the risks associated with $93.8 billion in mortgage-backed securities issued in 2006 and 2007.

<div class="cArrow"> </div><div class="cContentInner">As Credit Suisse Group AG sees it, time has run out on New York Attorney General Eric Schneiderman's pursuit of Wall Street banks for mortgage fraud that helped trigger the financial crisis. Schneiderman sued Credit Suisse in 2012 as part of a wide- ranging probe into mortgage bonds. He claimed Switzerland's second-largest bank misrepresented the risks associated with $93.8 billion in mortgage-backed securities issued in 2006 and 2007.</div>

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