Article 6XYX4 Credit Suisse was ‘warned’ about Greensill three years before firm collapsed

Credit Suisse was ‘warned’ about Greensill three years before firm collapsed

by
Kalyeena Makortoff Banking correspondent
from World news | The Guardian on (#6XYX4)

Anonymous messages questioned judgment of senior managers in dealing with Greensill, says Swiss regulator

Bosses at Credit Suisse were warned against dealing with the Australian financier Lex Greensill's eponymous company three years before the collapse of his Greensill Capital, which once employed the former UK prime minister David Cameron as an adviser.

The character judgment" of senior Credit Suisse managers was challenged in anonymous messages they received as early as 2018, which raised concerns over the Swiss bank's dealings with Greensill, according to a report by the Swiss regulator Finma, released under a London court order after a request by the Guardian and other media.

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