Credit Suisse to Make Payment in Scandal-Hit Fund in Coming Weeks
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Credit Suisse Group AG plans to make a further cash repayment to investors in its scandal-hit $10 billion group of supply chain funds in coming weeks after returning $3.1 billion so far to investors.
The payment will be made by early to mid-April the bank said, adding that it expects the majority part of the funds’ investments to be recovered in the liquidation process. The bank said the four funds have current cash equivalents of about $1.5 billion.