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Credit Suisse Sued in Japan Over Sale of Greensill-Linked Bonds.
- 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]
- Subjects :
- LAW offices
INVESTORS
INCOME funds
ACCOUNTS receivable
BOND funds
BOND prices
Subjects
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 164779818