Wealth and Asset Management
Credit Suisse Taps Rich Clients to Boost Lending During Rout
Credit Suisse Group AG turned to its own ultra-high-net-worth clients to bolster its ability to lend as markets sank last month and companies started drawing down credit lines to weather the coronavirus pandemic. Institutional clients, family offices and billionaires were offered notes that pay a 2% interest on money that’s…
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Click here to read the full story: Bloomberg