In 2020, SoftBank agreed to give emergency cash to Greensill to cover the debts at Katerra, but it seems the funds never reached Credit Suisse. In a different US lawsuit, Credit Suisse alleged SoftBank restructured Katerra for its own benefit and at the expense of the Swiss bank. Federal Reserve approves UBS takeover of Credit Suisse US This is Credit Suisse's latest legal action regarding Greensill - following others in the US in 2021 - and the first one since the UBS takeover last month. The Swiss bank has so far managed to get back $7.4bn out of the $10bn its clients invested in the Greensill funds, as it tries to pursue further action to recover the remainder of the client funds. Credit Suisse declined to comment on the high court action, but said: "Credit Suisse continues to prioritise maximising recovery for investors in the supply chain finance funds."