CS Greensill funds to pay back another $400 million

Credit Suisse Group AG said it plans to return about $400 million to investors in supply-chain finance funds that invested in Greensill Capital products, the fifth such disbursement since the bank was forced to freeze the money pools this year. The latest payment is expected to be made this week and would bring the total paid to investors in the funds to about $6.3 billion, according to a statement on the bank’s website on Monday. The funds’ total cash position is about $7 billion, or about 70 per cent of assets under management when they were suspended.