Wealth and Asset Management
Credit Suisse securitises yacht loans to oligarchs and tycoons
Credit Suisse has securitised a portfolio of loans linked to its wealthiest customers’ yachts and private jets, in an unusual use of derivatives to offload risks associated with lending to ultra-rich oligarchs and entrepreneurs. The Swiss lender, which has endured a bruising year marked by repeated scandal, quietly sold on…
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Click here to read the full story: Financial Times