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Credit Suisse faces $680m court order in US mortgages case

The bank had already taken provision of $300m related to the case

Tuesday 1 December 2020 at 09:06

Credit Suisse said it faces a possible judgment against it of $680m in a US residential mortgage-backed securities case.

The Swiss bank said a US judge had asked both divisions in the bank to issue estimates of damages “which could result in a judgment against Credit Suisse of up to approximately $680m,” the bank said in a statement.