Credit Suisse to reimburse $ 400 million from Greensill funds

By Najiyya Budaly (September 27, 2021, 4:11 p.m. BST) – Credit Suisse AG announced on Monday that it plans to repay an additional $ 400 million to investors who have had a total of $ 10 billion trapped in four linked investment funds to Greensill Capital, which collapsed this year.

The Swiss lender’s asset management arm said it would return $ 400 million to investors this week in its final installment after ending funds linked to Greensill in March.

The asset manager, known as CSAM, has distributed a total of around $ 5.9 billion in four installments since March. The latest $ 400 million package will bring the total amount paid down to …

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