Credit Suisse sacks staff after review into Greensill funds collapse

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Credit Suisse sacks staff after review into Greensill funds collapse
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Credit Suisse has sacked staff and imposed financial penalties on a number of individuals following a review into the collapse of its Greensill-linked supply chain finance funds, the bank said on Wednesday.

The logo of Greensill Bank is pictured in downtown Bremen, Germany, July 3, 2019. REUTERS/Fabian Bimmerhas sacked staff and imposed financial penalties on a number of individuals following a review into the collapse of its Greensill-linked supply chain finance funds, the bank said on Wednesday.

"These actions include termination of employment and severe monetary penalties via compensation adjustments. External investigations are still ongoing."

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