NEW YORK (Reuters)
A U.S. appeals court on Wednesday revived a lawsuit by the Federal Deposit Insurance Corp against five banks including Credit Suisse Group AG <CSGN.S> stemming from their sale of mortgage-backed securities ahead of the 2008 financial crisis.
The 2nd U.S. Circuit Court of Appeals in New York ruled that a lower-court judge had erred in dismissing the FDIC's lawsuit, which also named units of HSBC Holdings Plc<HSBA.L>, Royal Bank of Scotland Group Plc<RBS.L>, UBS AG <UBSG.S> and Deutsche Bank AG<DBKGn.DE> as defendants.
(Reporting by Nate Raymond in New York; Editing by Chizu Nomiyama)