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Credit Suisse to wind down Greensill-linked funds : CityAM

Credit Suisse to wind down Greensill-linked funds as GFG ceases repayments Banker Credit Suisse today said that it would wind down supply-chain finance funds worth around $10bn linked to embattled Greensill Capital. In a statement this morning the Swiss lender said it would start repaying investors around 80 per cent of the $3.7bn it has available.  The decision came as Sanjeev Gupta’s GFG Alliance decided to stop making repayments to Greensill. On Monday the bank had suspended redemptions and subscriptions from the affected funds over concerns around being able to accurately value them. Today it said that the decision to terminate the funds was triggered by reduced availability of insurance coverage for new investments and the substantial challenges to source suitable investment.

Credit Suisse to Liquidate Greensill Funds

The Swiss bank will liquidate funds holding more than $10 billion in assets managed together with imperiled U.K. supply chain specialist Greensill.

Credit Suisse terminates supply chain finance funds

Credit Suisse terminates supply chain finance funds
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