2011-03-01bloomberg.com

"Credit Suisse is the latest target of Allstate’s litigation over mortgage-backed securities. The company last month sued JPMorgan Chase & Co. over $700 million of the securities the bank sold the insurer; Citigroup Inc., over more than $200 million; and Deutsche Bank AG, over about $185 million. Allstate said the banks misrepresented underwriting standards, owner occupancy data and loan-to-value ratios."


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