Credit Suisse Sued by U.S. Agency Over Mortgage Securities Sales

Credit Suisse Sued by U.S. Agency Over Mortgage Securities Sales

Gianluca Colla/Bloomberg

The securities were sold to U.S. Central Federal Credit Union, Western Corporate Federal Credit Union and Southwest Corporate Federal Credit Union. All three failed and resulting losses are paid by a fund supported by assessments on all federally insured credit unions, NCUA said in a statement.