SoftBank Infusion Meant to Pay Back Credit Suisse Investors Went to Greensill Bank

SoftBank Infusion Meant to Pay Back Credit Suisse Investors Went to Greensill Bank - WSJ

That $440 million took a detour. complicating Credit Suisse’s efforts to recover money owed to investors after Greensill collapsed into bankruptcy.

When SoftBank Group Corp. made a last ditch-infusion of $440 million into Greensill Capital last November. the money was earmarked to pay off investors in Credit Suisse Group AG investment funds. according to people familiar with the deal. But the cash never made it to the Swiss bank.

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