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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

Credit Suisse was ‘warned’ about Greensill three years before firm collapsed

The Credit Suisse building in Canary Wharf
Credit Suisse in the Canary Wharf business district of London in 2021, the year Greensill Capital collapsed. Credit Suisse itself collapsed in 2023. Photograph: Dan Kitwood/Getty Images

Bosses at Credit Suisse were warned against dealing with the Australian financier Lex Greensill’s eponymous company three years before the collapse of his Greensill Capital, which once employed the former UK prime minister David Cameron as an adviser.

The “character judgment” of senior Credit Suisse managers was challenged in anonymous messages they received as early as 2018, which raised concerns over the Swiss bank’s dealings with Greensill, according to a report by the Swiss regulator Finma, released under a London court order after a request by the Guardian and other media.

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