Credit Suisse Review of Funds Prompted by SoftBank’s Multiple Roles - News Summed Up

Credit Suisse Review of Funds Prompted by SoftBank’s Multiple Roles


LONDON—Executives at Credit Suisse AG are reviewing several of the bank’s funds after becoming concerned about the multiple roles played by Japanese conglomerate SoftBank Group Corp., according to people familiar with the matter. Four Credit Suisse funds have $7.5 billion in assets in total and are sold to institutional investors and wealthy families as safe, short-term investments. They hold securities backed by loans made to companies to allow them to pay their suppliers more quickly.


Source: Wall Street Journal June 25, 2020 11:33 UTC



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