Credit Suisse To Repay Further $750M To Greensill-linked Fund Investors

by finance.yahoo.com posted 1month ago 10 views
Credit Suisse is paying out a further $750 million to investors in its Greensill-linked supply chain finance funds, its asset management arm told investors on Friday. It has recovered some $6.1 billion of the $10 billion in funds backed by insolvent supply chain finance firm Greensill Capital, it said on Friday, a slight increase over the $5.9 billion through late May. The new repayments, planned for the week of July 5, will bring the total it has paid out to investors in the liquidation proceeds to $5.6 billion.

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