Credit Suisse Fund Accuses SoftBank of More Than $440 Million Investment

A Credit Suisse group AG CS 1.68% fund accused SoftBank Group Corp. 9984 -0.59% in U.S. court records of orchestrating transactions that rendered worthless a $440 million investment the fund had made to finance a SoftBank-backed company. The filing, made Thursday in a US district court in California, asks a federal judge to allow the … Read more

Colin Kaepernick SPAC Deal Collapses, Testing Celebrity Halo

The Change Co. seemed like the perfect company for Colin Kaepernick’s SPAC to buy. The California lender is targeting minority borrowers not served by traditional banks, which fits well with the social justice activism of the former National Football League star. But last week a deal flopped over a quirky issue: Mr. Kaepernick’s reluctance to … Read more

Chinese tennis star Peng Shuai denies sexual assault allegations

HONG KONG – Chinese tennis star Peng Shuai has denied accusing anyone of sexual assault, suggesting that a worldwide wave of concern for her safety and wellbeing was the result of misunderstanding. “I have never claimed or written about anyone who has sexually abused me. This is very important and should be made clear,” Ms … Read more