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Credit Suisse Finalizes $5.28B MBS Settlement

By Martin O'Sullivan ( January 18, 2017, 4:01 PM EST) -- The U.S. Department of Justice on Wednesday finalized a $5.28 billion settlement with Credit Suisse Group AG over the bank's sales of mortgage-backed securities prior to the 2008 financial crisis, calling it the "most substantial" agreement of its kind in terms of providing financing for affordable housing....

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