Credit Suisse Pleads Guilty in Mozambique Scandal, To Pay ~$475mn
Swiss banking major Credit Suisse Group AG will have to shell out about $475mn to resolve an international legal saga that has been going on for many years now related to the Mozambique scandal. As per prosecutors, the bank deceived investors by hiding information...
Credit Suisse AG Downgraded to A1 from Aa3 by Moody’s
Moody’s downgraded the long-term senior unsecured debt and deposit ratings of Credit Suisse AG (CS) by one notch to A1 from Aa3. Moody’s also changed the outlook on Credit Suisse Group AG to stable from negative. The rationale for the downgrade reflected...
Credit Suisse To File Suit Against SoftBank on Greensill
Credit Suisse (CS) is preparing a lawsuit against SoftBank regarding Greensill Capital’s failure in February that could see CS’s clients lose upto $3bn. Greensill’s largest investor was SoftBank’s Vision Fund. CS disputes that $440mn in funds were owed to their...
