Credit Suisse is understood to be concerned about the rising level of noise surrounding Greensill over the past two years and its fiduciary duty to investors.
This includes Greensills financial exposure to British billionaire Sanjeev Guptas GFG Alliance, which owns steel, aluminium and iron ore mining businesses, and operates the Whyalla steelworks in South Australia.
Financial exposure
Greensill has provided funding to GFG through Greensill Bank, a German lender it bought in 2014. The Financial Times reported in February that Germanys banking regulator, BaFin, had been putting pressure on Greensill Bank to reduce its financial exposure to Mr Guptas companies.
In addition, some of Greensills insurance on its packaged securities, which p…
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