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Credit Suisse plans next payout to Greensill investors

Credit Suisse plans next payout to Greensill investors
Credit Suisse plans next payout to Greensill investors   -   Copyright  Thomson Reuters 2021
By Reuters

ZURICH – 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.