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New York sues Credit Suisse over mortgage securities
NEW YORK — The state of New York sued Credit Suisse for fraud Tuesday over the sale of questionable mortgage securities that dealt buyers $11.2 billion in losses in the US housing meltdown. Following a similar suit against JPMorgan Chase in October, New York Attorney General Eric Schneiderman said the…
Former Credit Suisse trader arrested in London, faces extradition to U.S.
A former Credit Suisse trader accused of inflating subprime mortgage-related bond prices faces extradition to the United States after being arrested in Britain, police said on Thursday. Officers from the Metropolitan Police Service’s Extradition Unit arrested Kareem Serageldin, 39, on Wednesday in connection with the alleged $540 million (419 million…
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