Credit Suisse has to reckon with considerable losses from the Greensill fiasco

The supply chain funds distributed by the big bank contained large amounts of dubious papers. A risk assessment on the part of the bank does not appear to have taken place, warning signals have been ignored.

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It has become quiet around the Credit Suisse supply chain funds. A little more than three months ago, the big bank began liquidating the four funds related to the now collapsed British-Australian financial boutique Greensill.