Credit Suisse has recovered more than half of the assets put in supply chain finance funds linked to Greensill Capital, which collapsed last month. The failure led to the suspension of the Credit Suisse funds which had initially raised US$10bn from investors.
Before the latest announcement, US$3.1bn had already been paid back to investors. Now a further US$2bn has been collected and Credit Suisse said it would pay back a further US$1.7bn. That will leave a further US$600m cash in the funds, which has not so far been distributed. In all, the total cash, including that already returned, amounts to US$5.4bn.
In a statement, Credit Suisse Asset Management said it would continue to try to secure further recoveries and make payments “as soon as feasible in one or more instalments until the investors receive the funds’ total collected net liquidation proceeds”.
The firm is in discussions with Grant Thornton, joint administrators of Greensill Capital (UK) Ltd, and is...
Credit Suisse has recovered more than half of the assets put in supply chain finance funds linked to Greensill Capital, which collapsed last month. The failure led to the suspension of the Credit Suisse funds which had initially raised US$10bn from investors.
Before the latest announcement, US$3.1bn had already been paid back to investors. Now a further US$2bn has been collected and Credit Suisse said it would pay back a further US$1.7bn. That will leave a further US$600m cash in the funds, which has not so far been distributed. In all, the total cash, including that already returned, amounts to US$5.4bn.
In a statement, Credit Suisse Asset Management said it would continue to try to secure further recoveries and make payments “as soon as feasible in one or more instalments until the investors receive the funds’ total collected net liquidation proceeds”.
The firm is in discussions with Grant Thornton, joint administrators of Greensill Capital (UK) Ltd, and is...
- RT @IFRsteves: Denis Law, Sol Campbell, Babe Ruth and now Dominik von Arx. Von Arx is swapping UBS for arch-rival Credit Suisse. After 25 y…
IFR Thu 25 Mar 2021 11:55 - RT @matthewjdavies: While I'm at it, we have another @LPCLoans/@ifrtweets job just begging for a suitable candidate. Again covering leverag… IFR Thu 18 Mar 2021 19:54
- RT @LPCLoans: A potential US$15bn merger of Vista’s Solera, DealerSocket and Omnitracs via Apollo Strategic Growth Capital has been halted,… IFR Thu 18 Mar 2021 17:13
- RT @matthewjdavies: Financial journalists! Come and write about leveraged loans for @LPCLoans and @IFRtweets. #jounojobs https://t.co/DbiEC… IFR Tue 16 Mar 2021 16:06
- Let @ifrtweets be your eyes on the Rates Markets. Email us at ifr.clientsupport@refinitiv.com for more information https://t.co/PV745eJTy6 IFR Mon 15 Mar 2021 13:15
- GLOBAL ESG BOND VOLUME IFR’s ESG Financing Data Briefing is a subscription service that offers data and analysis into green and #ESG financing from across the Refinitiv Capital Markets Insight Team. To subscribe or learn more, email ifr.clientsupport@refinitiv.com https://t.co/ck8FQuDdwU IFR Mon 15 Mar 2021 13:10
- RT @IFRAsia: Asian credit is set for an uneven recovery in the remainder of 2021 | Read the highlights of our Outlook for Asian Credit webc… IFR Mon 15 Mar 2021 12:50
- RT @staffordphilip: Good thread here from @Chris_Whittall Taking tough lines on equivalence in financial services can have unintended con… IFR Mon 15 Mar 2021 11:20
- RT @gareth_gore: Saudi Arabia isn't the land of largesse it once was. It's taken on $200bn of debt over the past few years just to pay its… IFR Mon 15 Mar 2021 11:00
- RT @Chris_Whittall: Struggles for EU banks show how Brexit cuts both ways: EU has grabbed an increased share of swaps trading volumes (not… IFR Mon 15 Mar 2021 10:00
- RT @Chris_Whittall: NEW: Post-Brexit derivatives deadlock hurts EU banks BNP, Deutsche Bank, SocGen registering notable market share decli… IFR Mon 15 Mar 2021 10:00
- RT @Refinitiv: We feel that the Leisure and Hospitality industry will continue to skew job growth higher in the coming months, but growth i… IFR Tue 09 Mar 2021 21:44
- RT @Refinitiv: The February Employment Situation Report had some positive attributes, but it was not nearly as good as the headline job gro… IFR Tue 09 Mar 2021 21:44
- GLOBAL ESG BOND VOLUME IFR’s ESG Financing Data Briefing is a subscription service that offers data and analysis into green and #ESG financing from across the Refinitiv Capital Markets Insight Team. To subscribe or learn more, email ifr.clientsupport@refinitiv.com https://t.co/Qv24SY29NT IFR Tue 09 Mar 2021 16:29
- RT @LPCLoans: Happy International Womens' Day to the #WomenInFinance. The theme for International Women’s Day 2021 is “Choose to Challenge.… IFR Tue 09 Mar 2021 14:09
- RT @LPCLoans: Happy International Womens' Day to the #WomenInFinance. The theme for International Women’s Day 2021 is “Choose to Challenge.… IFR Mon 08 Mar 2021 17:23
- RT @Refinitiv: Our colleagues at @ifrtweets announce the winners of the 2020 IFR Awards. Congratulations to everyone involved! Read more ab… IFR Mon 08 Mar 2021 17:23
- RT @BNPParibasCIB: Helping clients across sectors and borders raise funds and access liquidity through the #Covid19 crisis was key for @BNP… IFR Mon 08 Mar 2021 14:53
- RT @Wilbur_Hoffman: It was a red hot week in the IG primary with US$65bn of issuance. In fact, it was the biggest week since borrowers pric… IFR Fri 05 Mar 2021 17:35
- GREEN AND ESG LOAN AND BOND VOLUME AT US$165.3.7BN. IFR’s ESG Financing Data Briefing is a subscription service that offers data and analysis into green and #ESG financing from across the Refinitiv Capital Markets Insight Team. To subscribe email ifr.clientsupport@refinitiv.com https://t.co/N9tSC90FOc IFR Thu 04 Mar 2021 14:03
- GLOBAL ESG BOND VOLUME IFR’s ESG Financing Data Briefing is a subscription service that offers data and analysis into green and #ESG financing from across the Refinitiv Capital Markets Insight Team. To subscribe or learn more, email ifr.clientsupport@refinitiv.com https://t.co/JRX8ZszBbY IFR Wed 03 Mar 2021 20:32
- RT @IFRsteves: It must be time for the new IFR Hall of Fame... Showing the top capital markets banks since 1980. Morgan Stanley breaks into… IFR Tue 02 Mar 2021 15:06
| S&P500 | |||
|---|---|---|---|
| VIX | |||
| Eurostoxx50 | |||
| FTSE100 | |||
| Nikkei 225 | |||
| TNX (UST10y) | |||
| EURUSD | |||
| GBPUSD | |||
| USDJPY | |||
| BTCUSD | |||
| Gold spot | |||
| Brent | |||
| Copper |
- Top 50 publishers (last 24 hours)
