Credit Suisse's CDO headache

The bank's $2.85 billion charge traces back to highly-rated CDOs traded in London whose valuation was questioned by auditors, sources say.
By Roddy Boyd, writer

New York (Fortune) -- Credit Suisse's stunning announcement that it is taking a $2.85 billion charge because it failed to properly value some bonds is a major black eye for a firm that has not been shy in touting its success in avoiding the pitfalls that have befallen its competitors.
http://money.cnn.com/2008/02/19/news/companies/boyd_cs.fortune/index.htm?postversion=2008021917