One scoop to start:Credit Suisse is preparing for litigation against SoftBank after the collapse of Greensill Capital soured the relationship between the Swiss bank and one of the world’s largest tech investors, according to people briefed on the plans. Last week Chamath Palihapitiya, the billionaire investor who helped to fuel Spac mania, called for more oversight and regulation when it comes to his prized investment vehicles. Investment bankers brought in just over $430m in fees from Spac listings and mergers in April and May, compared to $3bn in January and February — the two most active months ever for the sector, Refinitiv data shows.
