Softbank Group Corp., facing a $440 million lawsuit from Credit Suisse, said the bank was to blame for some of the investor losses tied to the collapse of Greensill Capital.

In the latest stage of the long-running dispute, Softbank said the now defunct Swiss lender’s executives had agreed to a deal with Greensill that would have helped repay the bank’s investors only for the transaction to stall.

UBS Group AG is pursuing the London claim on behalf of its former Swiss rival in a

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