Credit Suisse has recovered more than half of the assets put in supply chain finance funds linked to Greensill Capital, which collapsed last month. The failure led to the suspension of the Credit Suisse funds, which had initially raised US$10bn from investors.
Before the latest announcement, US$3.1bn had already been paid back to investors. Now a further US$2bn has been collected and Credit Suisse said it would pay back a further US$1.7bn. That will leave a further US$600m cash in the funds, which has not so far been distributed. In all, the total cash, including that already returned, amounts to US$5.4bn.