July 3, 2024
Funds

UBS sets aside $900 million to repay investors in collapsed Greensill funds

By Noele Illien ZURICH (Reuters) -UBS will set aside around $900 million to repay investors in Credit Suisse funds that were linked to collapsed supply chain financing firm Greensill Capital, accounting for 90% of what they are owed, UBS said on Monday. The bank has been seeking to resolve issues it inherited when it acquired

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