Luc Mathys News Today

The Credit Suisse bank has fired the managers overseeing a multi-billion-dollar strategy linked to funds of the failed Greensill Capital.

The Swiss bank will continue to dismiss employees linked to the case following an investigation.

Credit Suisse has fired three managers involved in running a $10 billion fund strategy that invested in assets sourced by Greensill Capital.

Greensill Says He Warned Credit Suisse Weeks Before Collapse This content was published on March 13, 2021 - 12:00 March 13, 2021 - 12:00 (Bloomberg) -- Lex Greensill said he told top Credit Suisse Group AG officials of his difficulties in securing fresh insurance to cover corporate loans underpinning his business for weeks before his supply-chain finance empire’s abrupt collapse. The ex-billionaire “regularly updated” executives including Chief Risk Officer Lara Warner on his problems in ...

Greensill Says He Warned Credit Suisse Weeks Before Collapse Bloomberg 3/13/2021 Jonathan Browning and Patrick Winters © Bloomberg A sign hangs above the entrance to a Credit Suisse Group AG office building in Zurich, Switzerland, on Thursday, July 6, 2017. Switzerland is tightening capital requirements for PostFinance AG, Raiffeisen Schweiz and Zuercher Kantonalbank, three systemically important domestic banks, forcing them to set aside more funds to absorb losses and avoi...

Credit Suisse Freezes More Supply Chain Finance Funds as Greensill Scandal Widens Credit Suisse Group AG froze four more funds that invested in the bank’s $10 billion supply chain finance strategy, adding to the widening scandal surrounding the bank’s exposure to Lex Greensill’s failed empire. The additional funds have about $1.2 billion in assets, some of which they had put into the four Greensill-linked funds that Credit Suisse is now liquidating. The bank suspended them effective March...

Credit Suisse executives ‘overruled’ risk managers on $160m loan to Greensill Credit Suisse is scrambling to gauge the magnitude of its exposure to Greensill © Keystone / Christian Beutler Senior Credit Suisse executives overruled risk managers to approve a $160 million (CHF148 million) loan to Greensill Capital, which the collapsing finance group now has “no conceivable way” to repay, according to people familiar with the matter. This content was published on March 12, 2...

ZURICH, March 11 ― Credit Suisse faces questions from regulators and insurers as it grapples with the fallout from the collapse of US$10 billion (RM41.3 billion) worth of funds linked to British financial services firm Greensill Capital. The Swiss bank has hired external firms to help with their...

ZURICH/TOKYO – Credit Suisse faces questions from regulators and insurers as it grapples with the fallout from the collapse of $10 billion worth of funds

(Bloomberg) -- Credit Suisse Group AG froze four more funds that invested in the bank’s $10 billion supply chain finance strategy, adding to the widening scandal surrounding the bank’s exposure to Lex Greensill’s failed empire. The additional funds have about $1.2 billion in assets, some of which they had put into the four Greensill-linked funds that Credit Suisse is now liquidating. The bank suspended them effective March 1, the same day it froze the supply chain finance strategy. It post...