Bloomberg reports that the investigation was opened on Aug. 29, Jeannette Balmer, a spokeswoman for the attorney general, said in an e-mail today. She declined to provide any details of the probe.
In the meantime, Bloomberg also reports that Credit Suisse’s DLJ Mortgage Capital unit was sued in New York by a trustee for mortgage bond investors claiming $720m in damages tied to faulty home loans.
U.S. Bancorp (USB), the trustee, seeks to force DLJ to repurchase the loans backing the securities, according to a court filing yesterday in New York State Supreme Court.
Swiss Attorney General Opens Criminal Investigation of UBS
Credit Suisse Unit Sued for $720 Million Over Mortgages
Buyout Firms Said to Be Probed by N.Y. Over Tax Tactic
Barclays’ Azar Sees Pick Up in Middle East Deals and Fee Income
image: © bloomsberries
The Billionaire's Apprentice
The Buy Side: A Wall Street Trader's Tale of Spectacular Excess
