Credit Suisse applies to initiate $440m legal proceedings against SoftBank

Credit Suisse applies to initiate $440m legal proceedings against SoftBank

The logo of Swiss bank Credit Suisse is seen at an office building in Zurich's Oerlikon suburb, Switzerland July 27, 2017. REUTERS/Arnd Wiegmann

Credit Suisse Group AG has applied to the English High Court to initiate formal legal proceedings against Japan’s SoftBank Group Corp over a $440 million dispute, one source familiar with the matter said on Thursday.