Credit Suisse Unit Ordered To Pay $604M In Toxic RMBS Case
By Rachel O'Brien ( January 26, 2021, 3:58 PM EST) -- A New York state court judge on Monday ordered a Credit Suisse subsidiary to pay $604 million to a bond insurer that claims it had to pay out $386 million in claims during the 2008 financial crisis after the Swiss bank lied to get it to insure risky mortgage-backed securities that ultimately imploded....
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