Credit Suisse bosses 'given warnings over Greensill' before firm's collapse

Bosses at Credit Suisse were warned against dealing with the Australian financier Lex Greensill's eponymous firm three years before the collapse of Greensill Capital, which once employed the former prime minister David Cameron as an adviser.

- Kalyeena Makortoff

The "character judgment" of senior Credit Suisse managers was challenged in anonymous messages they received as early as 2018, which raised concerns over the Swiss bank's dealings with Greensill, according to a report by the Swiss regulator Finma, released under a London court order after a request by the Guardian and other media.

The document showed senior managers were warned multiple times about the risks involved in its business dealings with Greensill and his firm, the 2021 collapse of which contributed to Credit Suisse's own shocking demise in March 2023.

A message from an anonymous tipster raised "strong doubts" over the bank's strategy of packaging up Greensill's loans into $10bn (£7.4bn) worth of investable funds for wealthy clients.

Greensill appeared at the high court in London this week as a witness in a month-long trial in which a former Credit Suisse fund is suing Japanese tech investor SoftBank for $440m (£325m) over a complex deal it allegedly coordinated with Greensill Capital prior to its collapse.