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Good morning and welcome to your Morning Briefing for Tuesday 15 November 2022. To get this in your inbox every morning click here. Fraud concerns Fraud has been more of a concern among consumer champions and regulators since March 2020 when Covid upended everything. Now inflation and the war in Ukraine has
Credit Suisse has fired three managers involved in running a $10 billion fund strategy that invested in assets sourced by Greensill Capital.
Credit Suisse executives âoverruledâ 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 âno conceivable wayâ to repay, according to people familiar with the matter. This content was published on March 12, 2021 - 08:54 March 12, 2021 - 08:54 Stephen Morris, Robert Smith, Arash Massoudi and Owen Walker in L...
Credit Suisse has suspended three senior asset management employees, according to sources familiar with the matter, after the Swiss bank announced it is winding down $10 billion in funds linked to troubled finance company Greensill Capital.
5 Min Read ZURICH (Reuters) - Credit Suisse grappled with the fall-out of Greensill Capital’s insolvency on Wednesday, as the head of its European asset management division temporarily stepped aside and it appointed receivers to recover a $140 million loan in Australia. FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at a branch office in Bern, Switzerland, Oct. 28, 2020. REUTERS/Arnd Wiegmann The Swiss bank was a key source of funding for the speciality finance firm, selling $10 billion worth of securities created by Greensill to investors via its asset management arm. Greensill b...