Credit Suisse Escalates Legal Claim Against SoftBank in $440 Million Dispute, FT Reports
August 11 2022 - 2:48AM
Dow Jones News
--Credit Suisse has sought permission in the U.K. to start legal
proceedings against SoftBank on behalf of clients that it had lent
through Greensill Capital, the Financial Times reports, citing
unnamed sources.
--The claims concern $440 million of Credit Suisse client funds
that Greensill lent to Katerra, a U.S. construction company that
later filed for bankruptcy, the FT says.
Full story: https://on.ft.com/3zGcnbq
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
August 11, 2022 02:33 ET (06:33 GMT)
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