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Credit Suisse has to reckon with considerable losses from the Greensill fiasco


The supply chain funds distributed by the big bank contained large amounts of dubious papers. A risk assessment on the part of the bank does not appear to have taken place, warning signals have been ignored.

It has become quiet around the Credit Suisse supply chain funds. A little more than three months ago, the big bank began liquidating the four funds related to the now collapsed British-Australian financial boutique Greensill.

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