Publiziert in: Marktpuls, Unternehmen
Frei

Credit Suisse Group Reaches Settlement in RMBS Legacy Case Montag, 17. Oktober 2022 - 08:03

Zurich, October 17, 2022
Investor Relations News Service
logo_desktop_retina_blue.png
Credit Suisse Group Reaches Settlement in RMBS Legacy Case
Credit Suisse Group announces today that it has reached a final settlement with the New Jersey Attorney General (NJAG) related to its Residential Mortgage-Backed Securities (RMBS) business with transactions dating back to before 2008.

Under the terms of the settlement, Credit Suisse will make a one-time payment of USD 495 million to fully resolve claims tied to more than USD 10 billion of RMBS at issue, for which the NJAG had alleged over USD 3 billion in damages in a litigation case filed in 2013.

Credit Suisse is pleased to have reached an agreement that allows the bank to resolve the only remaining RMBS matter involving claims by a regulator and the largest of its remaining exposures on its legacy RMBS docket. The settlement, for which Credit Suisse is fully provisioned, marks another important step in the bank's efforts to pro-actively resolve litigation and legacy issues.
 
Questions & Contacts
Credit Suisse AG
Investor Relations
Paradeplatz 8 - 8001 Zürich
Switzerland
Tel: +41 44 333 71 49

Contact Investor Relations
Investor Relations team
Unsubscribe Newsletter
IR Mobile App
Investor Relations & Media App (iOS)
Investor Relations & Media App (Android)
 
  
 
TwitterFacebookYoutubeLinkedInFlickrSlideShare
Credit Suisse
Credit Suisse is one of the world's leading financial services providers. The bank's strategy builds on its core strengths: its position as a leading wealth manager, its specialist investment banking capabilities and asset management capabilities and its strong presence in its home market of Switzerland. Credit Suisse seeks to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland. The bank employs more than 50,000 people. The registered shares (CSGN) of Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.

Disclaimer
This document was produced by and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to change. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of Credit Suisse to any person to buy or sell any security. Any reference to past performance is not necessarily a guide to the future. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but Credit Suisse does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.

The English language version of this document is the controlling version.
Copyright © 1997-2022 CREDIT SUISSE GROUP AG and/or its affiliates. All rights reserved.

Terms of Use / Internet Security / Privacy & Cookie Policy / Global Patriot Act Certificate