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Credit Suisse Group AG Faces DOJ Probe Into Mortgage Products-Reuters


Saturday, 23 Feb 2013 01:41pm EST 

Reuters reported that The U.S. Attorney's Office in New Jersey is investigating Credit Suisse AG over mortgage-backed securities packaged and sold by the bank. The investigations show that authorities are still trying to build cases over the alleged misconduct by banks that led to the 2008 financial crisis. Adora Andy, a spokeswoman for the U.S. Department of Justice, did not immediately return a call for comment. Jack Grone, a spokesman for Zurich-based Credit Suisse also declined to comment. 

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