U.S. authorities have accused a group of former Credit Suisse Group AG traders of falsely inflating the value of mortgage-backed securities on the investment bank's books as the financial crisis began ...
Published News » Subprime Mortgage Crisis
Timeline: Ex-Credit Suisse traders charged
Posted by mortgage 109 days ago (Editorial)
Analysis: Obstacles high for more mortgage prosecutions
Posted by mortgage 109 days ago (Editorial)
NEW YORK (Reuters) - Despite the determination of President Obama to take Wall Street to court for the financial crisis, prosecutors face an uphill struggle to win more convictions like the two they scored on Wednesday against former Credit Suisse Group AG mortgage traders. David Higgs, 42, and Salmaan Siddiqui, 36, pled guilty in U.S. District Court in New York to a criminal charge of ...
UK trader pleads guilty over to hiding subprime losses
Posted by mortgage 110 days ago (Editorial)
A UK trader has pleaded guilty to overstating the value of mortgage-backed bonds when working at Credit Suisse at the start of the financial crisis.
US to charge ex-Suisse traders
Posted by mortgage 111 days ago (Editorial)
US authorities are preparing to charge four former Credit Suisse Group AG employees with criminal and civil fraud related to write-downs on subprime mortgage derivatives at the height of the financial crisis, sources familiar with the matter said.
Ex-Credit Suisse employee surrenders: FBI
Posted by mortgage 111 days ago (Editorial)
NEW YORK (Reuters) - A former Credit Suisse employee surrendered to the FBI on Wednesday on criminal charges, an FBI spokesman said, in a U.S. government probe on writedowns on subprime mortgage derivatives at the height of the financial crisis. Sources familiar with the investigation said on Tuesday that as many as four former Credit Suisse traders were expected to face either criminal or civil
US to Charge ex-Suisse Traders on Subprimes: Sources
Posted by mortgage 111 days ago (Editorial)
US authorities are preparing to charge four former Credit Suisse employees with criminal and civil fraud related to write-downs on subprime mortgage derivatives at the height of the financial crisis, sources familiar with the matter said.
US mortgage giant bet against homeowners: report
Posted by mortgage 112 days ago (Editorial)
US-owned mortgage giant Freddie Mac is holding billions of dollars in investments that only pay off if homeowners remain locked into high interest rates, a media investigation has found.
Freddie Mac hired Gingrich as it reshaped strategy
Posted by mortgage 114 days ago (Editorial)
WASHINGTON (Reuters) - Within months after taking over as chief lobbyist at mortgage lender Freddie Mac in 1999, Mitchell Delk hired a prominent Washington insider to advise him on how to build support among conservatives on Capitol Hill: Newt Gingrich, the former speaker of the House of Representatives. A key part of Delk's strategy, as outlined in Federal Election Commission records, was to
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