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Credit suisse stuff

After Russia invaded Ukraine, Credit Suisse asked investors to destroy documents linked to oligarch yacht loans, report says

https://www.msn.com/en-us/news/world/after-russia-invaded-ukraine-credit-suisse-asked-investors-to-destroy-documents-linked-to-oligarch-yacht-loans-report-says/ar-AAUvIM1

Credit Suisse asked investors to destroy documents tied to its oligarch and wealthy clients' yacht and private jet loans after Russia's invasion of Ukraine, The Financial Times reported.

The move was part of the Swiss bank's effort to prevent leaks of its dealings with oligarchs who have been sanctioned, according to The FT.

Credit Suisse wrote a letter to investors this week, asking them to "destroy and permanently erase" information linking to a securitisation of loans financed by yachts, private jets, real estate, and financial assets, three sources whose company received the letter, told The FT.

A securitization? Did these clowns bungle these loans into a debt obligation type security where the clowns further invested in this stuff? Still remember Trumps first EO signed…

And why the panic once Russia went in? Guessing Rooskies know where some bodies are buried too.