Credit Suisse Pays $495 Million to Settle Legacy US Case

Credit Suisse Pays $495 Million to Settle Legacy US Case
Credit Suisse headquarters in Zurich, Switzerland, on Oct. 4, 2022. Arnd Wiegmann/Reuters
Reuters
Updated:

ZURICH—Credit Suisse has agreed to pay $495 million to settle a case related to mortgage-linked investments in the United States, the latest pay-out related to past blunders that have battered the Swiss bank’s reputation.

The lender has been paying out billions of dollars to resolve legal cases linked to its residential mortgage-backed securities (RMBS) business in the run up to the 2008 financial crisis.