Credit Suisse Sued in SDNY,
Pays NJ Predatory Lending
Settlement But More Coming
By Matthew
Russell Lee, Patreon Maxwell
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BBC -
Honduras
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SOUTH BRONX /
SDNY, Oct 18 –
Credit Suisse, now on trial in
the U.S. District Court for
the Southern District of New
York for rigging foreign
exchange prices in a case covered
by Inner City Press, has
separately settled with the
New Jersey Attorney General
for its role in the US
predatory lending scandal.
"Credit Suisse said Monday
that the settlement allows the
bank to resolve its only
remaining mortgage-backed
securities matter involving
claims by a regulator" - but
there is opposition from
beyond the too often defanged
regulators.
This is on
top of money laundering
supporting dictators from
Zimbabwe to Kazakhstan, and
assisting in the destruction
of a Ukrainian agricultural
firm.
Now it wants to
set its asset management
business in the US. It should
and will face opposition, from
Fair Finance Watch and others.
Watch this site.
***
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