Japanese investors will give to court for the losses suffered from bonds by Credit Suisse Group AG

Show original
By data agencies Nikkei, Japanese investors plan to submit claims to a number of leading broker companies the countries, including Mitsubishi UFJ Financial Group, Inc to Morgan Stanley Securities, because of the losses suffered by them from bonds of the Swiss bank. Investors will try to receive compensation from the finance companies who sold let-out Credit Suisse Group AG bonds the AT1 type for total amount about $17 billion. The cost of these of bonds was written off to zero in March during the emergency transaction on rescue of Credit Suisse Group AG by other Swiss bank, UBS. The situation round these bonds already led in April to giving claims to...
Analysis
×
Bank of America
Main activity:Finance
63
Credit Suisse
Main activity:Finance
5
MUFJ
Main activity:Finance
13