Credit Suisse’s Busted Reputation Gets Tarred by Greensill, Possible Sale of AM Division

Posted on 03/18/2021

Following the massive Greensill Capital insolvency scandal, Credit Suisse Group moved to split its asset management division into a separate unit with a new CEO from rival UBS Group AG. Switzerland’s second-biggest bank warned shareholders of possible financial impacts and reputational damage and loss of clients and assets under management related to the Greensill situation. […]

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