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…
-
Business21 hours agoWhere will Berkshire Hathaway be in 1 year?
-
Noosa News16 hours agoTwo trapped and fighting for life after major three-vehicle crash in Brisbane
-
Noosa News24 hours agoNick Cave and The Bad Seeds Are Bringing Their ‘Wild God’ Tour to Australia and New Zealand in 2026
-
Business23 hours agoWhat’s Bell Potter’s take on Endeavour Group shares following earnings results?