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Credit Suisse Faces Questions from Regulators, Insurers After Collapse of Greensill Funds

ZURICH/TOKYO – Credit Suisse faces questions from regulators and insurers as it grapples with the fallout from the collapse of $10 billion worth of funds linked to British financial services firm Greensill Capital.

The Swiss bank has hired external firms to help with their inquiries in the wake of Greensill Capital’s insolvency, a source familiar with the matter said on Wednesday.

Greensill’s insolvency has sent ramifications through the world of trade finance, threatening companies which relied on its platform to receive faster payment for the goods they had supplied to larger entities.

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