MITSUBISHI UFJ Financial Group’s (MUFG) wealthy clients lost more than US$700 million on Credit Suisse Group’s riskiest bonds purchased through the Japanese bank’s brokerage venture with Morgan Stanley, according to people familiar with the matter.
MITSUBISHI UFJ Financial Group’s (MUFG) wealthy clients lost more than US$700 million on Credit Suisse Group’s riskiest bonds purchased through the Japanese bank’s brokerage venture with Morgan Stanley, according to people familiar with the matter.