Credit Suisse on Wednesday lost its $440 million London lawsuit against Japan’s SoftBank Group Corp. over losses linked to collapsed finance firm Greensill Capital.
Greensill’s collapse made Credit Suisse close $10 billion of funds linked to the financial firm and, along with other scandals, led to the 2023 state-backed rescue of the 167-year-old Swiss bank by rival UBS Group.
UBS pursued the case against SoftBank, with a trial heard at London’s High Court in June. Judge Robert Miles said in a written ruling that he had dismissed the lawsuit.
The case, which centered on funds