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Published 1 year ago

Regulator censures Credit Suisse for Greensill blunders

Summary by Ground News
Credit Suisse breached its supervisory obligations in its dealings with financier Lex Greensill, Swiss regulator says. Greensill offered what are called supply-chain funds via Credit Suisse CS, +2.00%. The financing is meant to be low risk, where a financing company immediately pays out a seller's claim, at a discount.

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