Credit Suisse Set to Receive Overdue Payments from Bluestone (1)

Credit Suisse Group AG said US mining company Bluestone Resources will make overdue payments of up to $320 million, in a settlement that moves the bank closer to recovering funds caught up in the collapse of Greensill Capital.

Bluestone has committed to make payments starting this month to investors in funds including the supply-chain finance products that were frozen amid the failure of Greensill last year, the bank said in a statement Friday. Credit Suisse said earlier this week it had so far recovered about 73% of the cash funds’ assets as of their suspension.

The maximum payments Bluestone ...