To resolve the Legacy RMBS Case, Credit Suisse will pay $495 million.

The payment, which will settle claims related to more than $10 billion in such securities.

The Swiss bank stated in a statement on Monday, and it has "fully prepared" for it.

In a lawsuit started in 2013, the attorney general of New Jersey claimed $3 billion in losses.

The largest of its remaining exposures on its legacy RMBS docket and the sole remaining RMBS issue involving claims by a regulator may now be resolved, Credit Suisse said in a statement.

In anticipation of a strategy statement on October 27 intended to resolve years of scandals and losses that have undermined investor trust.

Weeks of turmoil at the Zurich-based bank as markets.


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