Credit Suisse agrees to compensate Lehman product investors

- Matt Cameron
- 21 Apr 2009

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Under the agreement the bank will make an offer to clients, who had assets of up to 500,000 Swiss francs with Credit Suisse as of August 31 last year and who had invested over 20% of those assets in 100% capital protected Lehman products. Based on the analysis of the individual situation of each client represented by the Fédération Romande des Consommateurs, the compensation will cover between 50% and 70% of the nominal value of the redeemed products.

According to the bank in certain hardship

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