UBS stated on Monday that it will allocate approximately $900mn to reimburse investors in Credit Suisse funds tied to the collapsed supply-chain financing firm Greensill Capital.
The collapse of Greensill in 2021 affected hundreds of Credit Suisse’s top clients, who had invested in $10bn of supply-chain-finance funds marketed as low-risk with high returns. So far, these clients have recovered over $7bn.
