SINGAPORE/HONG KONG (Reuters) - Royal Bank of Canada and Credit Suisse are among suitors who have put in initial bids to buy the non-U.S. wealth management business of Bank of America in a deal that could be worth about $2 billion, sources said. Swiss bank Julius Baer was also keen to bid for some of BofA's units in Europe, the Middle East, Latin America and Asia excluding Japan, the sources
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RBC, Credit Suisse among bidders for BofA wealth units: sources
Posted by mortgage 6 days ago (Editorial)
NY Fed Sells $6 Billion In Mortgage Bonds To Credit Suisse, Posts Gain
Posted by mortgage 84 days ago (Editorial)
- Credit Suisse beats four others to buy $6B in NY Fed mortgage bonds
Ex-Credit Suisse manager pleads guilty in subprime probe
Posted by mortgage 103 days ago (Editorial)
NEW YORK (Reuters) - A former London-based Credit Suisse trader pleaded guilty to a criminal conspiracy charge on Wednesday, and he is cooperating with a U.S. government investigation on writedowns of subprime mortgage derivatives at the height of the financial crisis.
Timeline: Ex-Credit Suisse traders charged
Posted by mortgage 110 days ago (Editorial)
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 ...
Ex-Credit Suisse CDO Chief Charged in Scheme to Boost Bonuses
Posted by mortgage 111 days ago (Editorial)
Kareem Serageldin, Credit Suisse Group AG?s former global head of structured credit trading, was charged in a scheme to falsify prices tied to collateralized debt obligations to meet targets and boost year-end bonuses for his $5.35 billion trading book.
Ex-Credit Suisse traders admit cooking subprime books
Posted by mortgage 111 days ago (Editorial)
NEW YORK (Reuters) - In a rare criminal prosecution to emerge from the financial crisis, two former Credit Suisse traders admitted on Wednesday to conspiring to manipulate the value of about $3 billion in subprime mortgage-backed securities in order to hide losses as the U.S. real estate market began to collapse in 2007. The men, London-based David Higgs, 42, and Salmaan Siddiqui, 36, of McLean .
Ex-Credit Suisse trader pleads guilty in NY on subprime mortgages
Posted by mortgage 111 days ago (Editorial)
NEW YORK ? A former Credit Suisse trader has pleaded guilty in a federal probe that accused him of misleading investors in the subprime mortgage securities market. David Higgs also signed a cooperation agreement Wednesday while pleading guilty in Manhattan.
Three Credit Suisse execs cooked books: feds
Posted by mortgage 111 days ago (Editorial)
Looking to fatten their year-end bonuses, a trio of Credit Suisse execs cooked the books as part of a ?colossal fraud? tied to the subprime mortgage crisis, authorities said Wednesday.
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