Update: Credit Suisse Files 5 Insurance Claims Related to Greensill-Linked Funds January 13, 2022 By Brenna Hughes Neghaiwi ZURICH — Credit Suisse has filed five insurance claims related to $1.17 billion in exposure across two of its Greensill-linked...
Greensill’s Business Model Risks ‘High Level of Harm’; New Rules Needed: UK Watchdog December 3, 2021 By Huw Jones The business model used by collapsed supply chain financing firm Greensill Capital is causing a “high level of harm” and...
Credit Suisse Begins Filing Insurance Claims Over Greensill-Linked Funds September 8, 2021 By Brenna Hughes Neghaiwi A first insurance claim has been filed and more are being prepared in Credit Suisse’s efforts to recover funds from...
Credit Suisse Begins Filing Insurance Claims Over Greensill Capital Collapse – FT June 16, 2021 By Kanishka Singh and Makiko Yamazaki Swiss bank Credit Suisse has prepared its first insurance claims on losses stemming from its $10 billion of funds tied...
Credit Suisse’s Greensill Insurance Mystery Involves Tokio Marine, Marsh April 1, 2021 By Tom Bergin Credit Suisse told investors the debt in its $7.3 billion finance fund was low risk because it was insured but...
Here’s a Rundown of How Greensill Unraveled, the Key Players, and What Could Be Next March 9, 2021 By Lucca de Paoli Lex Greensill’s business has unraveled at a blistering pace, leaving a tangled trail of destruction all around it. On Monday,...
Bond Insurer MBIA Agrees to Settle Mortgage Claims Against Credit Suisse February 12, 2021 By Kanishka Singh New York-based municipal bond insurer MBIA Inc.’s unit MBIA Insurance Corp. entered an agreement to settle a litigation it filed...
Credit Suisse Shuts Humbolt Re and Kelvin Re After Investor Withdrawals December 10, 2020 By Patrick Winters and Marion Halftermeyer Credit Suisse Group AG is winding down two reinsurance vehicles with assets of about $2 billion after key investors moved...
How One Hedge Fund Has Pursued $360M Financial Fraud Claim Against Big Bank July 12, 2018 By Tracy Rucinski When the high-end property development Lake Las Vegas collapsed during the 2008 financial crisis, 31 funds that helped finance the...
Texas Appeals Court Upholds $351M Award Against Credit Suisse February 23, 2018 By John Miller Credit Suisse said it would fight on after a Texas appeals court upheld a $351 million award against the Swiss...