Credit Suisse Group AG (CS)
Pre-market:
- Reuters
Credit Suisse investor Harris says stake increase reflects reporting change
Credit Suisse shareholder Harris Associates' increased holding in the Swiss bank reflected an adjustment in how it reports stakes to the U.S. regulator, Finanz und Wirtschaft reported its Chief Investment Officer as saying. "Our stake has remained roughly stable, typically between 9 and 10%," David Herro told Finanz und Wirtschaft in a report published by the Swiss newspaper on Thursday after Harris Associates became the largest shareholder in Credit Suisse.
- Bloomberg
Credit Suisse’s Top Shareholder Harris Discloses 10% Stake
(Bloomberg) -- Harris Associates disclosed a stake in Credit Suisse Group AG of more than 10% after converting some of its holdings into American depositary receipts, underscoring its place as the bank’s biggest shareholder. Most Read from BloombergDozens in China Infected With New ‘Langya’ Virus Carried by ShrewsMedia Tallies Show Extremely Tight Presidency Race: Kenya UpdateMusk Sells Another $6.9 Billion of Tesla Ahead of Twitter TrialUS Inflation Runs Cooler Than Forecast, Easing Pressure on
- Reuters
Credit Suisse steps up $440 million legal dispute with SoftBank
Switzerland's second-largest bank is trying to recover client funds that Greensill Capital, a defunct finance firm, had lent to Katerra, a SoftBank-backed U.S. construction group that filed for bankruptcy last year. The move is part of the bank's attempt to salvage outstanding money from the collapse of about $10 billion in client funds linked to Greensill Capital, financier Lex Greensill's supply chain finance firm that imploded last year.
