Exclusive: Credit Suisse faces DOJ probe into mortgage products

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Exclusive: Credit Suisse faces DOJ probe into mortgage products

Exclusive: Credit Suisse faces DOJ probe into mortgage products

Yep! This too is a Covington & Burling client…nothing to see here…

Reuters-

The U.S. Attorney’s Office in New Jersey is investigating Credit Suisse AG over mortgage-backed securities packaged and sold by the bank, according to people familiar with the matter.

U.S. Attorney’s Offices in other districts are focusing on other banks in related investigations, said the people, who were not authorized to speak publicly. It was unclear how many U.S. Attorneys were involved.

The investigations show that authorities are still trying to build cases over the alleged misconduct by banks that led to the 2008 financial crisis.

[REUTERS]

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