Credit Suisse settlement on ARS

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US - Credit Suisse has reached a settlement agreement with the Attorney General of the State of New York and the North American Securities Administrators Association Task Force to repurchase at par auction rate securities (ARS) held by investors.

Credit Suisse said it would commence the offer to repurchase "as soon as practicable". The settlement agreement required eligible investors to have purchased ARS through the bank prior to 14 Fe...

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