Wall Street Stock-Lending Platform Crashes in Ransomware Attack January 25, 2024 By Donal Griffin and Ryan Gallagher The criminal hacking gang LockBit said it was behind a ransomware attack that shut down some of the operations of...
Credit Suisse Knew Frozen Greensill Funds’ Insurance Cover Relied on One Insurer: Report March 8, 2021 By Lucca de Paoli, Luca Casiraghi and Donal Griffin Long before Credit Suisse Group AG was forced to wind down a $10 billion group of funds it ran with...
Greensill Downfall Began with Firing of Insurance Manager at Sydney Unit of Tokio Marine March 5, 2021 By Donal Griffin and Jonathan Browning The debacle that led to the unraveling of Lex Greensill’s trade-finance empire began with the firing of a manager at...
SoftBank Borrows $8B, Backed by Its Stake in Alibaba, Say Sources April 6, 2018 By Donal Griffin, Ruth David and Dinesh Nair SoftBank Group Corp. borrowed about $8 billion through a margin loan backed by its Alibaba Group Holding Ltd. stake as...
Troubled Irish Insurers Seek Solvency II Support From Bond Investors, Buffett August 28, 2015 By Donal Griffin Investors hunting for yield after a global financial rout might well take a detour to the headquarters of a tiny...
Ireland’s FBD Reports H1 Loss of $97.7M, Versus Profit of $6.8M in 2014 August 24, 2015 By Donal Griffin FBD Holdings plc fell to a five-year low after Ireland’s only publicly traded insurer posted one of its biggest first-half...
FBD Shows How to Lose Money, Even During Ireland’s Economic Recovery August 21, 2015 By Donal Griffin Usually, economic recovery helps companies. Not so FBD Holdings plc. FBD, Ireland’s only publicly traded insurer, will publish first-half earnings...
RSA Hires Ex-RBS Boss Hester as CEO after Irish Losses February 5, 2014 By Donal Griffin, Joe Brennan and Zachary Tracer RSA Insurance Group Plc has hired former Royal Bank of Scotland Group Plc CEO Stephen Hester to lead the U.K....