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Credit Suisse raided as part of police investigation into Greensill

Bank says it is cooperating fully with authorities

Swiss police raided Credit Suisse Group offices last week, the bank said, as part of an investigation into collapsed finance firm Greensill Capital.

Greensill’s failure in March hammered the Swiss bank. Credit Suisse ran $10bn in investment funds that financed Greensill’s supply-chain finance lending programs. Credit Suisse has recovered around $7bn of the $10bn invested in Credit Suisse-Greensill funds so far.

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