Credit Suisse faces toxic bonds inquiry
Credit Suisse has become the second investment bank in four days to face a United States crackdown over toxic mortgage-backed products sold before the credit crunch struck.
The inquiry by the Department of Justice and New York attorney general Eric Schneiderman comes after JPMorgan faced a lawsuit over bonds sold by Bear Stearns, which JPMorgan saved from collapse in 2008. JPMorgan has said it will contest the claims.
Credit Suisse refused to comment.
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