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Credit Suisse : to repay another $400 million to Greensill-linked fund investors

Credit Suisse : to repay another $400 million to Greensill-linked fund investors
marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.

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Credit Suisse 78% Q2 net profit slide shows Archegos hit - Netscape Money & Business

Credit Suisse 78% Q2 net profit slide shows Archegos hit
07/29/2021 5:15
ZURICH (Reuters) - Credit Suisse on Thursday posted a 78% fall in second-quarter net profit, as a steep drop in its investment banking revenues sharpened the blow from recent Archegos and Greensill scandals.
Net profit of 253 million Swiss francs ($278.45 million) missed average forecasts for 334 million Swiss francs in the bank s own poll of 18 analysts.
Meanwhile, it unveiled its findings from an investigation into the Archegos matter.
Credit Suisse delivered resilient underlying second quarter results and strong capital ratios as we are benefiting from having taken decisive actions to address the challenges raised by the Archegos and Supply Chain Finance Funds matters. We take these two events very seriously and we are determined to learn all the right lessons, Chief Executive Thomas Gottstein said in a statement. ....

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Credit Suisse 78% Q2 net profit slide shows Archegos hit

Credit Suisse 78% Q2 net profit slide shows Archegos hit
wsau.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wsau.com Daily Mail and Mail on Sunday newspapers.

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Boies Schiller Flexner forming international investor group to recover losses - Greensill / Credit Suisse Supply Chain Finance Funds

Overview
Boies Schiller Flexner (UK) LLP (
BSF ) is building a group of investors across Europe and Asia who invested in Credit Suisse s US$10bn Supply Chain Finance Funds (
SCFFs ). It is intended that the group will pursue Credit Suisse, including through litigation if necessary, to recover losses suffered with respect to the investments made in or with Greensill Capital.
The firm takes the view that investors have credible claims against Credit Suisse for misrepresentation and mis-selling, which should be brought in a co-ordinated manner across jurisdictions. Investors should contact [email protected] for further details.
Background
Credit Suisse entities pro-actively marketed and sold investments in the SCFFs as cash-equivalent and low risk investments. In fact, the SCFF assets were notes backed by existing and future trade receivables originated and structured by Greensill Capital. ....

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Fonds de placement en difficulté – Les clients de Credit Suisse risquent de perdre des milliards

Fonds de placement en difficulté – Les clients de Credit Suisse risquent de perdre des milliards
tdg.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tdg.ch Daily Mail and Mail on Sunday newspapers.

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