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Credit Suisse faces $160m claim in London court over ‘systemic fraud’
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Credit Suisse will face a $160m claim in London's High Court on 20 April that it made fraudulent misrepresentations around a mortgage-backed security deal.
German bank IKB, which lost $100m on notes backing a collateralised debt obligation transaction, is alleging a range of incorrect information was given to investors by the Swiss lender.
Read more on fnlondon.comAbout this in other media
Credit Suisse dealmakers are getting anxious: ‘People will not wait for months… UBS could find an empty shell’ fnlondon.com /1 year ago
Credit Suisse veteran dealmaker Mark Echlin retires fnlondon.com /1 year ago
Credit Suisse logged asset outflows of more than $68 billion during first-quarter collapse cnbc.com /1 year ago
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