Softbank Says Credit Suisse to Blame For Fund’s $440 Million Greensill Loss October 4, 2024 By Jonathan Browning Softbank Group Corp., facing a $440 million lawsuit from Credit Suisse, said the bank was to blame for some of...
Lex Greensill’s Fraud Means Zurich Can’t Payout $400 Million, Insurer Argues February 6, 2024 By Upmanyu Trivedi Lex Greensill’s fraud and “conspiracy” with commodities tycoon Sanjeev Gupta should prevent the financier’s collapsed bank from making a $400...
Greensill Sues Zurich Insurance for $400 Million to Recoup Losses August 9, 2023 By Upmanyu Trivedi Greensill Bank AG’s administrators are seeking more than $400 million from Zurich Insurance Plc in London lawsuits to recoup the...
Credit Suisse Lodges $440M Claim Against SoftBank in Greensill Dispute April 21, 2023 Credit Suisse has lodged a $440 million claim against Japan’s SoftBank Group Corp. in London as it presses ahead with...
Credit Suisse ‘Seriously Breached’ Risk Management Obligations in Greensill Case March 2, 2023 By Hugo Miller and Myriam Balezou Credit Suisse Group AG “seriously breached” its risk management obligations in the Greensill Capital supply-chain financing affair, Switzerland’s banking regulator...
Credit Suisse Clears 1st Hurdle Toward $440M Greensill Lawsuit Against SoftBank December 8, 2022 By Jonathan Browning Credit Suisse Group AG cleared the first hurdle toward kick-starting a long-awaited $440 million lawsuit against SoftBank Group Corp. stemming...
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 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...