Greensill Capital Still Has $9.3B to Pay on Its Notes After Its Collapse a Year Ago April 8, 2022 By Lucca de Paoli Greensill Capital collapsed more than a year ago, but $9.3 billion of assets sold to investors as notes are yet...
Japanese Insurer Tokio Marine Says Greensill Obtained Policies Fraudulently April 4, 2022 Companies linked to insolvent British financier Lex Greensill obtained insurance fraudulently, insurer Tokio Marine said on Monday, adding it did...
Credit Suisse Warns Greensill Litigation Against Insurers, Debtors May Take 5 Years April 4, 2022 Credit Suisse said on Monday that litigation related to Greensill supply chain finance funds (SCFF) could take around five years...
Credit Suisse Faces $500M-Plus Bill After Ex-Georgian PM Wins Bermuda Court Case March 30, 2022 By Brenna Hughes Neghaiwi A Bermuda court on Tuesday ruled former Georgian Prime Minister Bidzina Ivanishvili and his family are due damages “substantially in...
Some Credit Suisse Investors Do Not Want to Absolve Execs for Greensill Losses: FT March 28, 2022 Some shareholders in Credit Suisse do not want the bank to hold a vote in the annual meeting on absolving...
Credit Suisse Faces Charges It Let Alleged Bulgarian Cocaine Traffickers Launder Money February 8, 2022 By Brenna Hughes Neghaiwi and Silke Koltrowitz Credit Suisse faced charges in a Swiss court on Monday of allowing an alleged Bulgarian cocaine trafficking gang to launder...
Credit Suisse Faces $45.5 Million Claim in Swiss Money-Laundering Trial February 2, 2022 Swiss prosecutors are pursuing around 42.4 million Swiss francs ($45.5 million) in compensation from Credit Suisse in a money-laundering trial...
Credit Suisse Plunged Into Chaos After Chairman Ousted for Breaching COVID Rules January 17, 2022 By Ambereen Choudhury and Patrick Winters The banker tasked with fixing Credit Suisse Group AG was ousted just nine months into the job for breaching COVID...
Update: Credit Suisse Files 5 Insurance Claims Related to Greensill-Linked Funds January 13, 2022 By Brenna Hughes Neghaiwi ZURICH — Credit Suisse has filed five insurance claims related to $1.17 billion in exposure across two of its Greensill-linked...
Greensill’s Business Model Risks ‘High Level of Harm’; New Rules Needed: UK Watchdog December 3, 2021 By Huw Jones The business model used by collapsed supply chain financing firm Greensill Capital is causing a “high level of harm” and...