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The Morning Briefing: Surge in fraud and crypto regulation

Good morning and welcome to your Morning Briefing for Tuesday 15 November 2022. To get this in your inbox every morning click here. Fraud concerns Fraud has been more of a concern among consumer champions and regulators since March 2020 when Covid upended everything. Now inflation and the war in Ukraine has

Credit Suisse fires managers tied to failed Greensill funds

Credit Suisse has fired three managers involved in running a $10 billion fund strategy that invested in assets sourced by Greensill Capital.

Credit Suisse executives overruled risk managers on $160m loan to Greensill

Credit Suisse executives ‘overruled’ risk managers on $160m loan to Greensill Credit Suisse is scrambling to gauge the magnitude of its exposure to Greensill © Keystone / Christian Beutler Senior Credit Suisse executives overruled risk managers to approve a $160 million (CHF148 million) loan to Greensill Capital, which the collapsing finance group now has “no conceivable way” to repay, according to people familiar with the matter. This content was published on March 12, 2021 - 08:54 March 12, 2021 - 08:54 Stephen Morris, Robert Smith, Arash Massoudi and Owen Walker in London, Financial Times Several people with direct knowledge of the loan said that it was initially rejected by London-based risk managers in the investment bank.

Credit Suisse executives overruled risk managers on $160m loan to Greensill

Credit Suisse executives overruled risk managers on $160m loan to Greensill
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Credit Suisse Removes Managers Amid Greensill Wind-Down

Credit Suisse has suspended three senior asset management employees, according to sources familiar with the matter, after the Swiss bank announced it is winding down $10 billion in funds linked to troubled finance company Greensill Capital.

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