Credit score Suisse expects to get better most investments linked to Greensill By Reuters
© Reuters. FILE PHOTO: Brand of Swiss financial institution Credit score Suisse is seen in Basel
ZURICH (Reuters) – Credit score Suisse (SIX:) plans to return additional cash to traders in $10 billion price of provide chain finance funds linked to stricken Greensill in early to mid-April, the Swiss financial institution mentioned.
“Over time, we count on the bulk a part of the funds’ investments to be recovered within the liquidation course of, and we’ve recourse to different measures ought to they be obligatory, together with potential authorized motion. We proceed to discover different choices for expediting the return of money to traders,” it mentioned in a discover to traders https://www.credit-suisse.com/uk/en/asset-management/funds/notice-to-investors.html dated March 31 and posted on its web site.
The funds had $1.5 billion in money as of March 29.
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