Credit Suisse ‘seriously breached’ obligations on Greensill, says regulator
by Julia Kollewe from on (#699YV)
Swiss bank is seeking to recover $10bn of funds linked to collapsed supply chain finance firm
Credit Suisse seriously breached its supervisory obligations" in its relationship with the disgraced financier Lex Greensill and his companies, the Swiss financial watchdog has ruled.
The Swiss Financial Market Supervisory Authority (Finma) said it had concluded its enforcement proceedings against the bank, Switzerland's second largest, after the collapse of Greensill Capital in March 2021.
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