UPDATE 2-Credit Suisse says lifts provisions in U.S. mortgage securities case

[Buzz_Burner_Fresh_Updates] UPDATE 2-Credit Suisse says lifts provisions in U.S. mortgage securities case – reuters.com ZURICH/NEW YORK, Feb 27 (Reuters) – Credit Suisse said on Friday it would put aside more funds for a U.S. probe and other litigation about whether the Swiss bank deceived investors in risky mortgage-backed securities it had issued in the run-up […]

S&P may pay $1.5 bln over ratings – source

[Buzz_Burner_Fresh_Updates] S&P may pay $1.5 bln over ratings – source – reuters.com NEW YORK, Jan 20 (Reuters) – Standard and Poor’s is in talks to pay as much as $1.5 billion to settle with the U.S. Department of Justice and more than a dozen states over mortgage ratings issued in the run-up to the 2008 […]