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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
- Credit Suisse beats four others to buy $6B in NY Fed mortgage bonds
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 ...
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.
A worker in New York and a managing director in London admit they falsified the company's books to enhance their standing and boost their year-end bonuses as the housing market collapsed. Two former Credit Suisse traders pleaded guilty to conspiracy and signed cooperation agreements Wednesday in a long-running investigation into the subprime mortgage securities market that was expected to res
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.
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 .

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