Saturday, October 22, 2022

Credit Suisse Sued in SDNY, Pays NJ Predatory Lending Settlement But More Coming

 

By Matthew Russell Lee, Patreon Maxwell book
BBC Honduras - CIA Trial book - NY Mag

SOUTH BRONX / SDNY, Oct 18  – Credit Suisse, now on trial in the U.S. District Court for the Southern District of New York for rigging foreign exchange prices in a case covered by Inner City Press, has separately settled with the New Jersey Attorney General for its role in the US predatory lending scandal.

   "Credit Suisse said Monday that the settlement allows the bank to resolve its only remaining mortgage-backed securities matter involving claims by a regulator" - but there is opposition from beyond the too often defanged regulators.

  This is on top of money laundering supporting dictators from Zimbabwe to Kazakhstan, and assisting in the destruction of a Ukrainian agricultural firm.

Now it wants to set its asset management business in the US. It should and will face opposition, from Fair Finance Watch and others. Watch this site. 

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