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Credit Suisse hires firms to help with regulatory inquiries over Greensill-source

ZURICH, March 10 (Reuters) - Credit Suisse has hired external firms to help it deal with inquiries from regulators and insurers over the collapse of $10 billion worth of supply chain finance funds linked to Greensill Capital, a source familiar with the matter said.

The Swiss bank was a key source of funding for the speciality finance firm, which went into insolvency this week after losing insurance coverage for its debt repackaging business, prompting Credit Suisse to freeze its Greensill-linked funds.

The bank has hired the external firms in order to expedite the process of returning liquidation proceeds from the funds to investors, the source said. (Reporting by Brenna Hughes Neghaiwi; Editing by Michael Shields and Carmel Crimmins)

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