DOJ, Schneiderman Target Credit Suisse Over MBS: Report

Law360, New York (October 4, 2012, 8:59 PM EDT) -- Credit Suisse AG is facing a probe by U.S. authorities over its sale of mortgage-backed securities, according to Thursday news reports, roughly a week after the arrest in London of one of the Swiss investment banking giant's former executives accused of blowing up the value of mortgage-linked bonds.

The U.S. Department of Justice and the New York State Attorney General Eric Schneiderman are among the U.S. authorities conducting the probe, Reuters reported Thursday, citing confidential sources.

Representatives for Credit Suisse, the DOJ and the New York...
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