Bloomberg
Credit Suisse Warns Greensill May Spoil Best Start in Decade
(Bloomberg) — Credit Suisse Group AG warned it may take a financial hit after the implosion of Greensill Capital forced it to freeze $10 billion of funds and put a loan to the firm at risk, threatening to spoil what had been the bank’s best start to a year in a decade.The lender said Tuesday that while it’s still early, it may need to book a charge related to business it conducted with Greensill Capital, including a…
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