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Credit Suisse says a little more about the Greensill collapse

The big bank is holding back an investigation report on the Greensill case because of ongoing proceedings. At least she gave shareholders a rough outline of the problems surrounding the failed supply chain financier.

Credit Suisse is giving its shareholders a little more insight into the case of failed supply chain financier Greensill.

Ennio Leanza / Keystone

Credit Suisse (CS) on Monday informed its shareholders and the public in more detail how it is dealing with the struggling supply chain financier Greensill Capital. The collapse of Greensill meant that four CS funds that were filled with Greensill products were closed and customers are threatened with high defaults.

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