Credit Suisse waives fees for clients hit by Greensill funds collapse

Investing.com | Oct 13, 2021 at 3:02 AM
  • Crisis-ridden Credit Suisse (SIX:CSGN) is going on the offensive under new Chairman Antonio Horta-Osorio by providing free services for investors in collapsed supply chain finance funds linked to Greensill, a person familiar with the situation told Reuters.
  • Credit Suisse has been working with advisers to help recoup the funds, some $7.0 billion of which had been recovered by the end of September.
  • Clients participating in the programme would not have to forego legal action, but would have to agree that any gain from legal action will be reduced by the amount of the reimbursement received.