Credit Suisse to Distribute $400M to Greensill Investors
ZURICH (Reuters) – Credit Suisse is planning a sixth payout in mid-December of around $400 million to investors in frozen supply chain finance funds linked to Greensill, bringing the total amount returned to around $6.7 billion, the Swiss bank said on Monday.
Credit Suisse had to suspend $10 billion in funds linked to the British supply chain financing firm in March and has been paying back the money it recoups in stages.
It said in a statement it had been able to recover around $7.2 billion to date.
(Reporting by Silke Koltrowitz; editing by Carmel Crimmins)
