London | Credit Suisse says it has a strong legal position as it tries to recoup cash from embattled steel tycoon Sanjeev Gupta for investors in its four shuttered supply-chain finance funds.
Chief executive Thomas Gottstein said it would take several months to wrap up its discussions with the three most “idiosyncratic” companies whose debts are locked up in its frozen Greensill-related funds.
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Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com
