Investment Banking

Credit Suisse suspends $10bn in funds tied to Greensill

Greensill is the sole supplier to a suite of funds managed by the Swiss bank

Credit Suisse said it suspended a group of private investment funds tied to supply-chain finance assets created by SoftBank-backed specialty-finance company Greensill Capital.

The Swiss bank’s asset-management arm said it would stop allowing investors to buy into or sell out of the funds immediately. Credit Suisse manages four private investment funds that contain around $10bn in securities created by Greensill.

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