1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. SoftBank Group Corp.
  6. News
  7. Summary
    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
  Report
Delayed Japan Exchange  -  05/25 02:00:00 am EDT
5102.00 JPY   -1.71%
05:27aChina's Didi faces rocky path to growth after winning U.S. delisting nod
RE
03:51aTwo senior Grab executives quit as company rejigs unit to stem losses - sources
RE
03:11aJapan Index Ends Lower on Global Cues; Toyota Trims June Production Target
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Credit Suisse files five insurance claims on Greensill-linked funds

01/13/2022 | 07:53am EDT
Logo of Swiss bank Credit Suisse is seen in Basel

ZURICH (Reuters) - Credit Suisse has filed five insurance claims related to $1.17 billion in exposure across two of its Greensill-linked supply chain finance funds, the bank said on Thursday.

As of Dec. 31, it had filed five claims related to $846 million in exposure for its Luxembourg-based supply chain finance fund, the bank said in a document published on its website, while it has filed two claims for its high-income supply chain finance fund related to $326 million in exposure.

The bank said some of the claims were submitted in relation to both funds. It did not say with whom it had filed the claims.

Switzerland's second-largest bank has been working to recover assets from the collapse of some $10 billion in funds linked to insolvent supply chain finance firm Greensill.

It has so far recovered some $7.2 billion of the funds.

The bank has been focusing on some $2.3 billion in loans provided by Greensill, which imploded in March, to three counterparties including commodities tycoon Sanjeev Gupta's GFG Alliance, SoftBank-backed Katerra, and coal miner Bluestone, for which late payments have accrued.

In December, it filed applications seeking information through U.S. courts which could lead to it taking legal action in Britain against SoftBank to recover funds it says are owed in relation to Katerra, which filed for bankruptcy in June. SoftBank has denied https://www.ft.com/content/0014a450-081b-4a8d-b3f5-6bc121bc1212 any wrongdoing.

Along with an application filed in California, the Swiss bank also filed for document discovery in an Arizona federal court, Credit Suisse said on Thursday.

As of Dec. 31, it said a total $2.5 billion in late payments had accrued across its four supply chain finance funds, $2.2 billion of which were related to the three companies.

(Reporting by Brenna Hughes Neghaiwi, editing by Silke Koltrowitz, Michael Shields and Tomasz Janowski)

By Brenna Hughes Neghaiwi


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
CREDIT SUISSE GROUP AG 0.21% 6.75 Delayed Quote.-24.08%
ON SEMICONDUCTOR CORPORATION 3.19% 56.24 Delayed Quote.-19.76%
SOFTBANK GROUP CORP. -1.71% 5102 Delayed Quote.-4.47%
TYCOON GROUP HOLDINGS LIMITED 2.40% 1.28 Delayed Quote.-6.72%
All news about SOFTBANK GROUP CORP.
05:27aChina's Didi faces rocky path to growth after winning U.S. delisting nod
RE
03:51aTwo senior Grab executives quit as company rejigs unit to stem losses - sources
RE
03:11aJapan Index Ends Lower on Global Cues; Toyota Trims June Production Target
MT
02:37aJapanese shares end lower on Wall Street weakness
RE
05/24Japanese shares inch lower on Wall Street weakness
RE
05/24Mexico's Nowports gains unicorn status after SoftBank-led funding round
RE
05/24Indian shares fall for second straight day as IT stocks drag
RE
05/24Indian shares reverse early gains as IT stocks drag; Delhivery rises on debut
RE
05/24SoftBank-backed logistics firm Delhivery valued at $4.9 bln in India debut
RE
05/23Didi Shareholders Approve NYSE Delisting
MT
More news
Analyst Recommendations on SOFTBANK GROUP CORP.
More recommendations
Financials
Sales 2022 6 171 B 48 498 M 48 498 M
Net income 2022 728 B 5 719 M 5 719 M
Net Debt 2022 16 223 B 127 B 127 B
P/E ratio 2022 11,8x
Yield 2022 0,86%
Capitalization 8 320 B 65 386 M 65 386 M
EV / Sales 2022 3,98x
EV / Sales 2023 4,15x
Nbr of Employees 58 786
Free-Float 69,3%
Chart SOFTBANK GROUP CORP.
Duration : Period :
SoftBank Group Corp. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SOFTBANK GROUP CORP.
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 17
Last Close Price 5 102,00 JPY
Average target price 7 757,65 JPY
Spread / Average Target 52,1%
EPS Revisions
Managers and Directors
Masayoshi Son Chairman & Executive President
Yoshimitsu Goto CFO, Director & Senior Managing Executive Officer
Tim Mackey Chief Legal Officer & Group Compliance Officer
Masami Iijima Independent Outside Director
Yutaka Matsuo Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
SOFTBANK GROUP CORP.-4.47%66 902
T-MOBILE US11.42%161 988
AT&T INC.13.90%151 481
KDDI CORPORATION35.84%79 524
AMÉRICA MÓVIL, S.A.B. DE C.V.-0.14%69 720
VODAFONE GROUP PLC14.77%45 411