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Credit Suisse says it made $541m Greensill payment

Credit Suisse Group said it made a $US400 million ($541 million) payment to investors in its supply-chain finance funds that invested in Greensill products, its fourth such disbursement to clients hit by the liquidation.

The August 6 payment takes the total paid to investors in the funds to about $US5.9 billion, according to an updated Q&A on the bank’s website on Tuesday. The funds’ total cash position is about $US7 billion, or about 70 per cent of assets under management when they were suspended, it said.

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    Original URL: https://www.afr.com/companies/financial-services/credit-suisse-says-it-made-541m-greensill-payment-20210907-p58pp8