Business
Credit Suisse shaken by aftershocks of Greensill insolvency – Sydney Morning Herald
The funds’ troubles are a blow for Credit Suisse boss Thomas Gottstein, who became chief executive in the aftermath of a spy scandal and just as the coronavirus…
Japanese insurer Tokio Marine, which provided $US4.6 billion of coverage to Greensill credit notes, said that it was investigating the validity of those policies which it inherited when it bought Insurance Australia Group in 2019.
A source familiar with the situation said the policies were directly linked to the $US10 billion Credit Suisse funds.
The funds troubles are a blow for Credit Suisse boss Thomas Gottstein, who became chief executive in the aftermath of a spy scandal and just as the coronavirus…
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