Credit Suisse Ignored Internal Concerns About Gupta

The transcript discusses the involvement of Greensill Capital with Credit Suisse, highlighting how the bank's executives ignored internal warnings about steel tycoon Sean G Gupta. Despite concerns and blacklisting by the commodities unit, the asset management unit continued to package funds linked to Gupta's debt, putting client funds at risk. Bloomberg's investigation reveals the internal conflicts and decisions that led to this situation.

What was the main issue with Credit Suisse's handling of funds related to Sean G Gupta?

• They followed all internal warnings.

• They increased transparency with their clients.

• They ignored warnings and channeled funds to Gupta's businesses.

• They stopped all dealings with Gupta immediately.

What action did the Commodities Trade Unit at Credit Suisse take regarding Gupta?

• They partnered with Gupta for new projects.

• They ignored all concerns about Gupta.

• They increased funding to Gupta.

• They blacklisted Gupta due to suspicions.

What was the role of the asset management unit in the Gupta saga?

• They dissolved the unit to avoid risks.

• They reported Gupta to the authorities.

• They packaged funds linked to Gupta's debt.

• They stopped all funding to Gupta.

What did the commodities unit do after raising concerns about Gupta?

• They increased their stake in Gupta's businesses.

• They continued to work with Gupta.

• They warned about the risks but were ignored.

• They withdrew all investments from Gupta.

What was the outcome of Credit Suisse's actions regarding Gupta?

• Clients were put at risk despite internal warnings.

• The bank's reputation improved significantly.

• Clients were protected from all risks.

• The bank avoided any internal conflicts.