MADRID, 17 Oct. (EUROPA PRESS) –
The Swiss bank Credit Suisse has reached an agreement with the Attorney General of New Jersey (United States) to fully resolve, through the payment of 495 million dollars (509 million euros) the claims related to transactions of its securities business backed by residential mortgages (RMBS) prior to 2008.
In this way, Credit Suisse will make a single payment of 495 million dollars to settle the claims related to more than 10,000 million dollars (10,277 million euros) in mortgage bonds, for which the Prosecutor’s Office had alleged more than 3,000 million dollars (3,083 million euros) in damages in a lawsuit filed in 2013.
The Swiss bank highlighted that the agreement reached allows it to resolve the only outstanding RMBS issue related to claims from a regulator and the largest of its remaining exposures in its legacy RMBS portfolio.
Likewise, he indicated that the amount of the agreement “is fully provisioned.”
