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In its waning days, the Obama administration is pressing to wrap up investigations of Wall Street firms for creating and selling the subprime mortgage bonds that fueled the 2008 financial crisis.
In all, Credit Suisse has been slapped with more than $11 billion of fines and legal settlements since the start of 2008, the most of any European bank except Deutsche Bank, according to calculations by Bloomberg. That includes the civil penalty portion of the preliminary settlement with the Justice Department announced last month. The company had 1.6 billion Swiss francs of legal reserves at the end of 2015 and disclosed more than 500 million Swiss francs of additional provisions in 2016, before announcing the settlement in December.
http://www.denverpost.com/2017/01/18/credit-suisse-completes-deal-over-debt/
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