Credit Suisse Hit With Suit Over Subprime Loans
Bankers Life Insurance filed the suit last week in a Florida district court in hopes of recovering $1.3 million in losses incurred on $1.4 million worth of bonds purchased from Credit Suisse in 2004.
Credit Suisse allegedly withheld the Moody’s rating of the bonds in order to entice buyers into purchasing. The insurance company...
To view the full article, register now.