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(Bloomberg) Credit Suisse Group AG warned it may take a financial hit after the implosion of Greensill Capital forced it to freeze $10 billion of funds and put a loan to the firm at risk, threatening to spoil what had been the bank’s best start to a year in a decade.The lender said Tuesday that while it’s still early, it may need to book a charge related to business it conducted with Greensill Capital, including a loan it extended before the firm filed for insolvency. That prospect overshadowed an otherwise strong start to the year, with revenue at the investment bank up more than 50% in the first two months and pretax income for the group the best in 10 years.The collapse of Credit Suisse’s supply chain finance funds, which it ran with Greensill, has pushed Switzerland’s second-biggest bank into the deepest crisis since Chief Executive Officer Thomas Gottstein took over a year ago. The CEO, who’s already had to contend with a series of past misstep
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Thomas-gottstein
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(Bloomberg) Credit Suisse Group AG warned it may take a financial hit after the implosion of Greensill Capital forced it to freeze $10 billion of funds and put a loan to the firm at risk, threatening to spoil what had been the bank’s best start to a year in a decade.The lender said Tuesday that while it’s still early, it may need to book a charge related to business it conducted with Greensill Capital, including a loan it extended before the firm filed for insolvency. That prospect overshadowed an otherwise strong start to the year, with revenue at the investment bank up more than 50% in the first two months and pretax income for the group the best in 10 years.The collapse of Credit Suisse’s supply chain finance funds, which it ran with Greensill, has pushed Switzerland’s second-biggest bank into the deepest crisis since Chief Executive Officer Thomas Gottstein took over a year ago. The CEO, who’s already had to contend with a series of past misstep
Yahoo
Credit-suisse
Greensill-capital
Greensill
Gott-stein
Thomas-gottstein
Investment-bank
யாகூ
கடன்-ஸ்யூயி
தாமஸ்-கோதிட்சிதேன்
முதலீடு-வங்கி