Tag Archives: Credit Suisse

The Federal Housing Finance Agency (FHFA) announced Friday it had settled two separate lawsuits with Credit Suisse alleging violations of federal and state securities laws in connection with private-label mortgae-backed securities (PLS) purchased by Freddie Mac and Fannie Mae during 2005-2007.

Another major bank took a hit as the National Credit Union Administration (NCUA) filed a lawsuit against Credit Suisse Securities over the sale of faulty mortgage-backed securities (MBS). Credit Suisse isn't the only one that's been targeted by NCUA-the administration has also gone after JPMorgan Securities, Goldman Sachs, Wachovia, and Barclay's, to name a few.

Credit Suisse has hired Roger Lehman as managing director and head of commercial mortgage-backed securities (CMBS) research. Lehman, who will join Credit Suisse August 1, will be responsible for research and analysis that will support the bank's re-entry into CMBS origination as well as its secondary trading desk. He was formerly co-head of structured finance research at Bank of America Merrill Lynch.