Credit Suisse, Barclays in mortgage-settlement talks with DoJ: Bloomberg
The logo of Swiss bank Credit Suisse is seen below the Swiss national flag at a building in the Federal Square in Bern, Switzerland, May 15, 2014. REUTERS/Ruben Sprich/File Photo
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(Reuters) - Credit Suisse Group AG
A Credit Suisse deal could be announced within several weeks, a source familiar with the matter told Bloomberg. (http://bloom.bg/2daifzh)
Credit Suisse declined to comment on the report. Barclays and the Department of Justice could not immediately be reached.
DoJ officials are eager to wrap up pending cases against lenders, a source told Bloomberg, but said the talks could drag out or fall apart, sending the cases to civil trial.
The settlement figures under discussion with either bank could not immediately be learned, Bloomberg said.
Other banks that have disclosed investigations related to their mortgage securities businesses include UBS Group AG
(Reporting by Sruthi Shankar in Bengaluru; Additional reporting by Olivia Oran in New York)
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Related EntitiesCredit Suisse, Deutsche Bank, UBS, Barclays, HSBC, Wells Fargo
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