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TOKYO, JAPAN / ACCESSWIRE / April 28, 2023 / Internationally known investment loss attorneys at U.S. law firm KlaymanToskes encourages Credit Suisse Additional Tier 1 (“AT1”) bond holders in Japan who suffered investment losses at the hands of their brokerage/investment advisory firm to contact the firm immediately on the web at KlaymanToskes.com or by email at lklayman@klaymantoskes.com.
KlaymanToskes reports Credit Suisse Additional Tier 1 (“AT1”) bond holders in Japan are facing a ¥140 Billion ($1 Billion) Loss. The AT1bonds, which have lost all value, were wiped out when the Swiss government facilitated an emergency acquisition of Credit Suisse by UBS Group AG last month.
At least ¥140 Billion ($1 Billion) of Credit Suisse’s AT1 Bonds were sold in Japan according to an announcement by Japan’s Financial Services Minister, Shunichi Suzuki, at a press conference on Friday April 21st. According to the press conference, the Financial Services Agency of Japan has reason to believe that the AT1 bonds were sold to mainly companies and wealthy individual investors.
It has recently been disclosed that customers of Mitsubishi UFJ Financial Group Inc., one of the largest banking institutions in Japan, may have suffered investment losses due to Credit Suisse Group AG’s AT1 Bonds. Mitsubishi UFJ Financial Group Inc.’s clients reportedly lost over $700 million and may have purchased bonds through the bank’s MorganStanley venture, Mitsubishi UFJ Financial Group MorganStanley (MUFGMS).
140 billion yen worth of Credit Suisse AT1 Bonds were sold in Japan – Contact attorney Lawrence L. Klayman, Esq. on the web at KlaymanToskes.com or by email at lklayman@klaymantoskes.com for a free consultation to discuss recovery options.
KlaymanToskes is a leading United States securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lklayman@klaymantoskes.com
www.klaymantoskes.com
SOURCE: KlaymanToskes, P.A.