MBIA Inc. asked a judge to order Credit Suisse Group AG to turn over internal records that the bond insurer says bolster its contention the bank lied about how it processed loans packaged into mortgage-backed securities.
MBIA Inc. asked a judge to order Credit Suisse Group AG to turn over internal records that the bond insurer says bolster its contention the bank lied about how it processed loans packaged into mortgage-backed securities.
A New York appeals court on Thursday revived Assured Guaranty Corp's claims for certain damages in its lawsuit against Credit Suisse Group AG over allegedly defective loans underlying mortgage-backed securities.
A New York judge has limited the damages Assured Guaranty Corp can seek in a lawsuit accusing Credit Suisse Group AG of misrepresenting the quality of loans underlying mortgage-backed securities it insured.
The market is apparently strengthening for the risky residential mortgage-backed securities purchased by the Federal Reserve Board in early 2009 as part of its bailout of American International Group.
Ambac Assurance Corp. won a bid to reinstate a fraudulent inducement claim against a unit of Credit Suisse Securities over a 2007 mortgage-backed securities transaction Ambac insured.
American International Group's mortgage subsidiary, American General Finance Corp., reported it will get close to $1 billion for the sale of its mortgage-backed certificates to Credit Suisse (USA) Inc.
Credit Suisse cited AIG's credit default swap portfolio as a problem and said it estimated that AIG Financial Products is "sitting on a $6.5 billion loss vs. our previous estimate of a loss of $2.6 bi