WSJ Article: Swiss Police Raid Credit Suisse as Part of Greensill Investigation
ARTICLE CONTENTS
“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.
h/t MrDapperDon
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