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MUFG Brokerage JV Sued Again Over Credit Suisse AT1 Losses

(Bloomberg) Another group of Japanese investors sued Mitsubishi UFJ Financial Group Inc.’s joint brokerage venture with Morgan Stanley, the latest litigation over losses on Credit Suisse’s riskiest debt that became worthless. Most Read from BloombergChina Is Softening Stance on Gaming After $80 Billion RoutEthiopia Fails to Pay Coupon, Becoming Latest African DefaulterBank of Russia Governor Says She Is Bracing for More SanctionsStock Futures Rise, Dollar Weakens in Thin Trading: Markets Wrap

MUFG Says Credit Suisse Debt Sales Handled Mostly Properly

(Bloomberg) Mitsubishi UFJ Financial Group Inc.’s brokerage venture said it handled sales of Credit Suisse’s riskiest debt properly for the most part as it continues a review more than four months after the bonds turned worthless.Most Read from BloombergAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsLots of US Homeowners Want to Move. They Just Have Nowhere to GoCharles Koch-Tied Group Seeks to Block Trump From GOP N

MUFG Says It Handled Credit Suisse Debt Sales Mostly Properly

MUFG Says It Handled Credit Suisse Debt Sales Mostly Properly
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