UBS to Book $0.9 Billion Provision Linked to Credit Suisse's Greensill Funds

Jun 17, 2024, 06:45 AM

UBS announced on Monday it would give investors in Credit Suisse funds linked to the collapse of Greensill Capital. The Swiss bank expects to record a provision of around $0.9 billion in connection to these inherited Greensill funds. This move is part of UBS's efforts to address the financial fallout from the collapse of the supply chain financing firm, Greensill Capital.