UK Credit

Credit Suisse plans to recover the external costs of the green threshold

By Lucia Osborne-Crowley (October 7, 2021, 3:20 p.m. BST) – Credit Suisse AG said on Thursday it plans to recoup some of the $ 145 million in external costs it faces in its attempt to recoup the lost money by investors when financial firm Greensill Capital collapsed earlier this year.

The asset management arm of the Swiss lender – which seeks to recover $ 10 billion trapped in four of its Greensill-linked investment funds – said in an update to investors that it is paying the external costs involved in recovery of the money itself and will seek to recover the money at a later stage.

“The majority of these externs …

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