Credit Suisse To Pay Back $400M From Greensill Funds

By Najiyya Budaly (September 27, 2021, 4:11 PM BST) -- Credit Suisse AG said on Monday that it plans to pay back another $400 million to investors that have had a total of $10 billion trapped in four investment funds linked to Greensill Capital, which collapsed this year.

The Swiss lender's asset management arm said that it will return $400 million to investors this week in its latest payout after it terminated the funds linked to Greensill in March.

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

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