Bonds proved toxic and failed after the US housing bubble burst
Bank is seeking to have case over its handling of mortgage securities dismissed
Amount to cover cost of involvement in mis-selling of US mortgage-backed securities
Negotiations with US agency could be concluded as soon as next week
Sum reflects substantial shift in political attitudes towards banks
Bank sets aside €1.2 billion, more than expected for litigation costs
Although bank is refusing to pay amount requested, it expects to settle for billions
Swiss private bank settles US mortgage litigation and takes €698 million charge
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