Credit Suisse Steps Up $440M Legal Dispute With SoftBank Over Greensill Funds August 15, 2022 Credit Suisse has applied to the English High Court to initiate formal legal proceedings against Japan’s SoftBank Group Corp. in...
Greensill Capital Sued by 277 Former Employees Over Firm’s Collapse, Job Losses July 28, 2022 By Katharine Gemmell and Olivia Fletcher A group of ex-Greensill Capital employees sued the defunct firm in London, accusing management of unfairly keeping them in the...
Credit Suisse Rejects $515 Million Claim by Russian Businessman June 20, 2022 Credit Suisse on Sunday rejected a claim by Russian businessman Vitaly Malkin for 500 million francs ($515.62 million) he linked...
Credit Suisse Investors Push for Faster Climate Action April 26, 2022 By Simon Jessop and Brenna Hughes Neghaiwi A group of Credit Suisse investors pushing for faster climate action at the Swiss bank has more than doubled in...
Credit Suisse Shareholders Advised Against Clearing Board of 2020 Liability April 13, 2022 By Brenna Hughes Neghaiwi and Oliver Hirt Proxy advisers Glass Lewis and ISS have recommended Credit Suisse’s shareholders vote against discharging the bank’s board and management from...
Greensill Capital Still Has $9.3B to Pay on Its Notes After Its Collapse a Year Ago April 8, 2022 By Lucca de Paoli Greensill Capital collapsed more than a year ago, but $9.3 billion of assets sold to investors as notes are yet...
Japanese Insurer Tokio Marine Says Greensill Obtained Policies Fraudulently April 4, 2022 Companies linked to insolvent British financier Lex Greensill obtained insurance fraudulently, insurer Tokio Marine said on Monday, adding it did...
Credit Suisse Warns Greensill Litigation Against Insurers, Debtors May Take 5 Years April 4, 2022 Credit Suisse said on Monday that litigation related to Greensill supply chain finance funds (SCFF) could take around five years...
Credit Suisse Faces $500M-Plus Bill After Ex-Georgian PM Wins Bermuda Court Case March 30, 2022 By Brenna Hughes Neghaiwi A Bermuda court on Tuesday ruled former Georgian Prime Minister Bidzina Ivanishvili and his family are due damages “substantially in...
Some Credit Suisse Investors Do Not Want to Absolve Execs for Greensill Losses: FT March 28, 2022 Some shareholders in Credit Suisse do not want the bank to hold a vote in the annual meeting on absolving...