Those mortgage backed securities - Alleged misrepresentation by Credit Suisse and the loss of $11 billion

The New York attorney-general is preparing to file a lawsuit against Credit Suisse , alleging the Swiss bank misled investors who lost more than $11bn on mortgage-backed securities.

In the lawsuit, which is expected to be filed this week, Credit Suisse faces claims that it misled investors regarding its due diligence practices on home loans it packaged into bonds, people familiar with the matter said ... READ MORE

Released by the Financial Times - 20 November 2012