Credit Suisse to Pay $400 Million in RMBS Litigation

May 4, 2017 Seth Welborn

After allegedly selling toxic residential mortgage-backed securities which led to the failure of three credit unions, Credit Suisse Securities has agreed to pay $400 million in a settlement on Wednesday. The National Credit Union Administration settled with Credit Suisse, ending a litigation that has lasted nearly five years. The NCUA filed a motion for voluntary dismissal in Kansas federal court on Tuesday.

The post Credit Suisse to Pay $400 Million in RMBS Litigation appeared first on theMReport.com.

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