Business
Australian regulators put heat on Credit Suisse over Greensill – The Australian Financial Review
ASIC and APRA have applied the blowtorch to the Swiss group’s Australian outpost, scrutinising its heavy involvement in Greensill Capital.
It was also involved in Sanjeev Guptas previous attempts to float Australian steel company InfraBuild, and was expected to be a contender to try to float the business again as early as this year. Guptas GFG Alliance is Greensills biggest client, and a key player in its likely downfall.
Credit Suisses relationship with both companies is also understood to extend to its powerful private bank, which banks and advises wealthy clients globally.
While theres nothing wrong with institutional relationships…
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