Credit Suisse Weighs Sale of Greensill Funds’ Distressed Assets

April 19, 2021, 12:25 PM UTC

Credit Suisse Group AG is considering selling some of the troubled assets in a group of funds linked to financier Lex Greensill to help accelerate the liquidation of the scandal-hit strategy.

The bank weighs selling the notes at a discount to distressed debt firms, according to people familiar with the matter. Other options include enforcing claims on insurance policies, or seeking to recover assets from debtors in court, the people said, asking not to be identified in discussing internal deliberations.

A spokesperson for Credit Suisse declined to comment.

Credit Suisse has so far repaid about half of the $10 billion ...

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