Back to Search Start Over

Credit Suisse Sued in Japan Over Sale of Greensill-Linked Bonds.

Authors :
Nakamichi, Takashi
Morita, Rie
Source :
Bloomberg.com; 7/7/2023, pN.PAG-N.PAG, 1p
Publication Year :
2023

Abstract

(Bloomberg) -- Credit Suisse was sued in Japan over bonds linked to a fund that the bank ran with now-bankrupt Greensill Capital, underscoring the legal challenges that remain for the lender and its new owner UBS Group AG. The plaintiffs allege the bank gave improper product explanations when it sold the securities, whose returns were tied to a supply chain finance fund which later collapsed, according to a copy of the complaint seen by Bloomberg News. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
164779818