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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, Taulia act to deal with Greensill insolvency fallout | Money

ZURICH, March 11 ― Credit Suisse faces questions from regulators and insurers as it grapples with the fallout from the collapse of US$10 billion (RM41.3 billion) worth of funds linked to British financial services firm Greensill Capital. The Swiss bank has hired external firms to help with their.

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