SEC Subpoenas Credit Suisse Over Mortgages, MBIA Says
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The U.S. Securities and Exchange Commission subpoenaed Credit Suisse Group AG seeking documents related to mortgage debt, bond insurer MBIA Insurance Corp. said in a court filing as it seeks information as part of a lawsuit against three of the bank’s units.
“Credit Suisse is now the subject of an investigation by the Securities and Exchange Commission, which issued a subpoena this week seeking the same types of documents as MBIA seeks with this motion,” the bond insurance unit of Armonk, New York-based MBIA Inc., said in the filing in New York State Supreme Court. The document, dated April 29, was filed today.