Credit Suisse once again seems to be doing its level best to cement its reputation as Europe’s most scandal-plagued bank. According to reports in the Financial Times, the Swiss credit institute has quietly been offloading risks from its exposure to U.S.-sanctioned Russian oligarchs, after this group was responsible in 2017 and 2018 for a third of the defaults on yacht and private jet loans the bank extended. Hedge funds and other investors that bought securitized portfolios of these deals, backed by the ultra-luxury status items, were asked in a letter this week to “destroy and permanently erase” any evidence of the ... (full story)