Wrangle regarding loan to bankrupt billionaires' club

Financial giant Credit Suisse is defending its $375m (€282.4m) loan to a now-bankrupt resort for the rich, saying it was a legitimate transaction that reflected standard lending practices at the time.

Wrangle regarding loan to bankrupt billionaires' club
Thu, 07 May, 2009 - 08:11

Financial giant Credit Suisse is defending its $375m (€282.4m) loan to a now-bankrupt resort for the rich, saying it was a legitimate transaction that reflected standard lending practices at the time.

Creditors for the Yellowstone Club in Montana claimed the loan was fraudulent.

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