Credit Suisse Overhauls Rules for Funds Accused of Conflicts

(Bloomberg) — Credit Suisse Group AG is overhauling a group of supply chain finance funds that have been dogged by conflict of interest accusations over a complicated network of links to a key investor, Masayoshi Son’s SoftBank Group Corp.

About 15{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} of the debt held by the funds is tied to companies in which Son’s SoftBank Vision Fund also owns equity stakes, Credit Suisse told clients in a letter Monday after concluding an internal review. It now plans to change its investment guidelines to reduce the maximum exposure to a single borrower.

But in an admission that may fuel fresh