Credit Suisse sacks traders involved in mispricing
Credit Suisse has sacked or suspended the traders behind the mispricing that cost it a $2.65 billion writedown last month.
The bank said today that its internal review had found the writedown of asset-backed securities positions held by its collateralised debt obligation trading business was only $2.65 billion, less than the $2.85 billion it originally announced on February 19.
"The pricing errors
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