Business
Greensill Capital enters safe harbour in Australia – The Australian Financial Review
Greensill Capital has sought safe harbour protection in Australia after the London-based financial services group confirmed Credit Suisse had frozen billions of…
Greensill has provided funding to GFG through Greensill Bank, a German lender it bought in 2014.
On Monday, UK-based Credit Suisse Asset Management said that it had frozen all redemptions and subscriptions in its supply chain finance funds to protect investors.
A certain part of the subfunds assets is currently subject to considerable uncertainties with respect to their accurate valuation, Credit Suisse said.
Therefore, to prevent any detriment to the subfunds and their investors as might result…
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