Credit Suisse replaces three staff temporarily after fund collapses
It froze the funds last week after doubts emerged about the valuations of some of the assets, leading to the collapse of Greensill Capital
10 March 2021 - 18:02
Credit Suisse started an internal probe into the collapse of a $10bn group of supply chain finance funds and temporarily replaced three employees in its asset management unit who were tied to the strategy.
The Swiss lender has reached out to external firms to deal with regulators’ queries surrounding the collapse of the funds, which it ran with Australian financier Lex Greensill, people familiar with the matter said, asking for anonymity in discussing internal information...
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