Business
Credit Suisse keeps heat on Sanjeev Gupta – The Australian Financial Review
The Swiss giant maintains it has a strong legal position as it chases exposures in its frozen Greensill funds, including Mr Gupta’s debts.
Credit Suisse was the major funder of collapsed supply-chain finance firm Greensill, and had $US10.1 billion ($13 billion) of investors money tied up in four funds when AFR Rich Lister Lex Greensill put his company into administration in early March.
Greensill packaged up invoices owed to, or by, its clients including $US1.6 billion related to Mr Guptas GFG Alliance network of steel, aluminium and energy businesses and sold the bonds to Credit Suisse.
The Credit Suisse investors exposure was actually…
-
General20 hours agoAccused of Antisemitism: Herald Sun, Israel lobby v Dandenong Clr Rhonda Garad
-
Noosa News19 hours agoMitch Power Quick Shear event gets men talking about mental health
-
Noosa News13 hours agoNRL live updates: Newcastle Knights vs Melbourne Storm, St George Illawarra Dragons vs Sydney Roosters, North Queensland Cowboys vs Canterbury Bulldogs
-
General13 hours agoAlgal bloom fears grow as video shows dead fish in ‘neon green’ waters near Ardrossan