Singapore markets open in 2 hours 52 minutes

  • Straits Times Index

    3,200.03
    -15.04 (-0.47%)
     

  • S&P 500

    4,274.51
    +0.98 (+0.02%)
     

  • Dow

    33,550.27
    -68.61 (-0.20%)
     

  • Nasdaq

    13,092.85
    +29.24 (+0.22%)
     

  • Bitcoin USD

    26,275.21
    +122.27 (+0.47%)
     

  • CMC Crypto 200

    562.03
    -0.62 (-0.11%)
     

  • FTSE 100

    7,593.22
    -32.50 (-0.43%)
     

  • Gold

    1,893.20
    +2.30 (+0.12%)
     

  • Crude Oil

    93.71
    +0.03 (+0.03%)
     

  • 10-Yr Bond

    4.6260
    +0.0680 (+1.49%)
     

  • Nikkei

    32,371.90
    +56.85 (+0.18%)
     

  • Hang Seng

    17,611.87
    +144.97 (+0.83%)
     

  • FTSE Bursa Malaysia

    1,440.11
    -5.44 (-0.38%)
     

  • Jakarta Composite Index

    6,937.83
    +14.03 (+0.20%)
     

  • PSE Index

    6,374.68
    +110.74 (+1.77%)
     

Japanese investors plan to sue MUFG unit over Credit Suisse bonds - Nikkei

Reuters
·1-min read
A man walks past a signboard of Mitsubishi UFJ Financial Group and MUFG Bank at its headquarters in Tokyo

(Reuters) - A group of Japanese investors are planning to file lawsuits against some brokerages based in the country, including Mitsubishi UFJ Morgan Stanley Securities, over their sale of AT1 bonds issued by Credit Suisse Group AG, Nikkei reported on Friday.

Former Bank of America Securities lawyer Taiju Yamazaki has said he expects his "first action" would be to file a group suit in Tokyo on behalf of MUFG Morgan Stanley Securities clients as they look to recoup losses on their Credit Suisse additional tier-1 bonds, the report said.

Credit Suisse and MUFG did not immediately respond to a Reuters request for comment. Reuters could not immediately contact Taiju Yamazaki.

(This story has been refiled to fix a grammatical error in the headline)

(Reporting by Anirudh Saligrama in Bengaluru;Editing by Nivedita Bhattacharjee)