The banking giant’s funds backing supply chain finance raked in $10 billion from investors but have been smashed by Greensill’s collapse into administration last week.
The bank said in an update to markets today that it was working with administrators Grant Thornton to repay investors their money.
Credit Suisse also gave Greensill a $140 million bridging loan last year. Today it said it received $50 million back from the administrators, reducing the outstanding loan to $90 million.
“While these issues are still at an early stage, we would note that it is possible that Credit Suisse will incur a charge in respect of these matters,” the bank said in a trading statement today.