Credit Suisse To Pay Back $400 Million

Benzinga 2021-09-27

Views 132

Credit Suisse ($CS@Switzerland) is planning to pay back around $400 million to investors. The funds will come from insolvent supply chain finance cash related to failed capital services firm Greensill and a long-term recovery operation by the Swiss Bank. The bank said, “Approximately [$400 million] is available for distribution which would bring the total amount returned to all investors to approximately $6.3 billion.” The bank added that more liquidation proceeds would be paid out to investors as soon as possible. Credit Suisse stock rose a quarter of a percent in early trading.

Share This Video


Download

  
Report form