Latest Breaking News On - வளர்ச்சி சந்தைப்படுத்தல் - Page 13 : comparemela.com

Tue, 13th Apr 2021 10:49 (Alliance News) - The following is a summary of top news stories Tuesday. COMPANIES Credit Suisse Group said it has made progress on the wind-down of four supply chain finance funds that were suspended at the start of March following the collapse of Greensill Capital. The bank said it has collected USD2.0 billion from receivables redeemed since March 1. This results in cash and cash equivalent levels currently in the supply chain finance funds amounting to USD2.3 billion. The total cash position, including the USD3.1 billion that already has been distributed to investors, therefore amounts to USD5.4 billion, or more than half of the total assets under management of the four funds at the time of their suspension. As a result, Credit Suisse announced a second cash distribution to investors, amounting to USD1.7 billion, commencing Tuesday. This takes the total distribution so far to USD4.8 billion.

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