Banks face suit from US fund over mis-sold subprime loans

Mark Sands
01 Aug 2010

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

BOSTON, MA – Cambridge Place Investment Partners, a fund based in the Massachusetts, has filed a suit against 15 banks, including the US arms of three British institutions.

According to reports, the British banks include Barclays, HSBC and Royal Bank of Scotland. Other banks facing the suit are JP Morgan, Bank of America Merrill Lynch, UBS, Credit Suisse, Citigroup and Deutsche Bank.

The law suit alleges the institutions mis-sold $2.4 billion worth of mortgage-backed securities based on “untrue

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]