We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Born every minute

7 April 2020 By Pete Sweeney

Morgan Stanley, Credit Suisse and others face big losses after the founder of Starbucks’ Chinese rival defaulted on $518 mln of loans amid fraud charges. The lenders are stuck offloading a huge stack of share collateral in a falling market. It’s the price of blindly chasing fees.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)