Company News

Top Firm Accused Of Selling ‘Garbage’ Deal To Investors

Some staff accused of ‘try(ing) to get away with anything’ they could, including selling ‘utter complete garbage’.

Credit Suisse bundled hundreds of mortgages into a single set of securities sold to investors in 2007 even after it had found flaws with the loans and asked the lenders to repurchase the debt, bond insurer MBIA Inc said in a court filing . . .