Credit Suisse Pays FDIC $19.35M In Colonial Bank RMBS Deal

By Jon Hill (July 18, 2022, 8:52 PM EDT) -- A Credit Suisse unit has paid more than $19 million to the Federal Deposit Insurance Corp. as part of a settlement of legal claims brought over allegedly toxic residential mortgage-backed securities sold to the now-defunct Colonial Bank in the lead-up to its 2009 failure....

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