“Credit Suisse said it is cooperating with authorities in the case, which it says isn’t directed against the bank
Swiss police raided Credit Suisse CS 0.41% Group AG offices last week, the bank said, as part of an investigation into collapsed finance firm Greensill Capital.
Greensill’s failure in March hammered the Swiss bank. Credit Suisse ran $10 billion in investment funds that financed Greensill’s supply-chain finance lending programs. Credit Suisse has recovered around $7 billion of the $10 billion invested in Credit Suisse-Greensill funds so far.
Sh*t gets real everywhere other than AMERICA.