Credit Suisse announces settlement with SEC related to mortgage business Freitag, 16. November 2012 - 20:23
Investor Relations News Service
Credit Suisse announces settlement with SEC related to mortgage business
Zurich, November 16, 2012 Credit Suisse announces that it has reached a settlement with the United States Securities and Exchange Commission (“SEC”) that resolves investigations relating to residential mortgage-backed securities (“RMBS”) transactions. In a settled administrative proceeding filed today, the SEC charged Credit Suisse with engaging in negligent conduct but not in any intentional or reckless wrongdoing. Credit Suisse neither admits nor denies the SEC’s allegations. As part of the settlement, Credit Suisse has agreed to pay USD 120 million which was recorded in the third quarter of 2012 as a litigation provision.For further information please refer to the attached press release.
Kind regards,Credit Suisse Group
Investor Relations
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