Credit Suisse Ignored Internal Concerns About Gupta

Credit Suisse Ignored Internal Concerns About Gupta

Assessment

Interactive Video

Business, Social Studies

University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What specific issues were flagged regarding Gupta's dealings in 2016?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How did the commodities unit at Credit Suisse respond to the risks associated with Gupta?

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