The U.S. Department of Justice has asked Credit Suisse to pay between $5 billion and $7 billion to settle a probe over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, a source with knowledge of the matter said, but the bank has resisted settling for ...
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then bankers are on the frontline of theeconomic response. Investorsdumpingstocks have stuffed the money into bank deposits. Cash-strapped businesses are drawing down credit lines. Laidoff workers are delaying mortgage payments. And governments are stepping in...