SFTBY - Credit Suisse cuts off dealings with SoftBank due to Greensill collapse - Bloomberg

Credit Suisse ([[CS]] -1.1%) will no longer do business with SoftBank Group ([[SFTBY]] +2.1%) ([[SFTBF]] +1.6%), a key investor in Lex Greensill's collapsed supply-chain finance firm, Bloomberg reports, citing people familiar with the matter.The Swiss bank is still dealing with the failure of Greensill Capital, which was triggered over asset valuation issues related to U.K.-based steel magnate Sanjeev Gupta.SoftBank's Vision Fund wrote down much of its $1.5B holding in Greensill, Bloomberg reported in March.A number of Credit Suisse executives, including its chief risk officer, have left the firm after the Greensill failure and the costly collapse of Archegos Capital.

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Credit Suisse cuts off dealings with SoftBank due to Greensill collapse - Bloomberg