LONDON (Financial Times) -- SoftBank has redeemed its investment in Credit Suisse funds that made big bets on the debt of start-ups backed by the Japanese technology conglomerate's Vision Fund, after the Swiss bank completed a review of the circular financing arrangement.
Credit Suisse launched the review after the Financial Times revealed that SoftBank had invested more than $500m of its own money into the more than $7.5bn range of investment vehicles.
