What I get from the article: Some scumbags loaned money from Credit Suisse. As security, they used their big boats and airplanes.

Credit Suisse then themselves loaned money from hedge funds offering a very good return and using the scumbags loans as security. To prove that they had security for those loans they sent pictures of the boats and planes to the hedgefund.

Then someone told a newspaper that Credit Suisse was loaning money to scumbags.

To make this less embarrasing Credit Suisse is now asking the hedgefund to throw away the picures of the boats.