Swiss finance entangled in Greensill debacle
Credit Suisse and GAM Investment Management are two Swiss actors caught up in the collapse of British-based financial services group Greensill Capital. The fallout for both companies threatens to be serious, as do the consequences for Greensill investors and numerous industrial firms in various countries. What is Greensill? The insolvent Greensill Capital connected companies with financiers who paid the debts these firms owed to suppliers – for a fee. “Supply chain finance” greases the wheels of industry. Читать дальше...