Allstate Corp. on Monday sued Credit Suisse Group AG, accusing the Swiss bank of causing losses by hiding the risks on $232 million of mortgage securities it bought. Get the full story »
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Allstate sues Citi, Deutsche Bank over securities
Allstate Corp. sued Citigroup Inc. and Deutsche Bank AG Friday, accusing the banks of misrepresenting risks on more than $385 million of mortgage securities it bought.
Allstate, the largest publicly traded U.S. home and auto insurer, has filed similar lawsuits against Bank of America Corp. and JPMorgan Chase & Co. Get the full story »
Charles Schwab settles investment claims for $18M
Charles Schwab Corp. will pay $18 million to settle regulatory charges that it hid mortgage-related risks in a bond mutual fund from investors. Get the full story »
