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Credit Suisse says it has made changes to sidestep another Greensill-type disaster
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fnlondon.comCredit Suisse said on 4 April that it has made changes to the way it operates to avoid a situation similar to the one it faced when Greensill Capital collapsed, but that it won’t publish its investigation into the issue due to pending litigation.
Answering questions posed by the Ethos Foundation and other shareholders ahead of its annual general meeting, the Swiss lender said it has to enforce claims against insurers and debtors of the Greensill-linked funds, which will lead to proceedings during which investigation reports...
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