Credit Suisse files five insurance claims on Greensill-linked funds
Credit Suisse has filed five insurance claims related to $1.17 billion. This is in exposure across two of its Greensill-linked supply chain finance funds. They had filed five claims related to $846 million in exposure for its Luxembourg-based supply chain finance fund. The bank stated in a document published on its website, meanwhile it filed two claims for its…
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Scandal-hit Credit Suisse considers creating single private bank
Credit Suisse Group AG is considering to centralize the management of its bankers to the world’s wealthy, reversing a regional structure put in place six years ago, as the scandal-plagued Swiss bank looks for ways to tighten controls and improve operations. The bank’s wealth management business is split into three separate divisions such as the international business, Swiss business…