Geneva, Switzerland (Tribune de Geneve, Fre) - Credit Suisse, while insisting that it carries no responsibility for the bankruptcy of Lehmann Brothers earlier in September, is reportedly offering to reimburse some of its clients who invested in the US bank’s products, but with strict limitations.

The Tribune interviewed Robert Martin, head of private banking in French-speaking Switzerland. The move is aimed at helping smaller investors: only clients with fortunes of less than CHF500,000 at the bank, and who had invested less than half of their money in Lehmann, are covered.

Posted by :: Ellen Wallace on 26 September 2008 at 8:33 | permalink
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News story, GenevaLunch, 26 September 2008.

Filed under: Business

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