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Credit Suisse plans next payout to Greensill fund investors -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: The brand of Swiss financial institution Credit score Suisse is seen at a department workplace in Zurich, Switzerland, November 3, 2021. REUTERS/Arnd WIegmann/File Photograph

ZURICH (Reuters) – Credit score Suisse (SIX:) plans a sixth payout in December to buyers in frozen provide chain finance funds linked to Greensill, the Swiss financial institution stated on Thursday, including it had recovered round $7.1 billion by the tip of November.

In March, Credit score Suisse needed to droop $10 billion in funds linked to Greensill and has been paying again the cash it recoups in levels.

In an replace revealed on Thursday, it stated it was accruing round $145 million in estimated restoration prices for the 12 months 2021.

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