Companies linked to insolvent British financier Lex Greensill obtained insurance fraudulently, insurer Tokio Marine said on Monday, adding it did not plan to pay out on the policies and would “vigorously defend” itself against any legal claims. Greensill’s supply chain …
Credit Suisse said on Monday that litigation related to Greensill supply chain finance funds (SCFF) could take around five years and warned that some investors would not be able to recover their money. Credit Suisse racked up a 1.6 billion …
Some shareholders in Credit Suisse do not want the bank to hold a vote in the annual meeting on absolving senior executives from losses racked up in the Greensill affair, The Financial Times reported on Sunday. Investors have also raised …
ZURICH — Credit Suisse has filed five insurance claims related to $1.17 billion in exposure across two of its Greensill-linked supply chain finance funds, the bank said on Thursday. As of Dec. 31, it had filed five claims related to …
The business model used by collapsed supply chain financing firm Greensill Capital is causing a “high level of harm” and tighter rules are needed, Britain’s Financial Conduct Authority said on Friday. The watchdog set out proposals for public consultation to …
A first insurance claim has been filed and more are being prepared in Credit Suisse’s efforts to recover funds from its insolvent supply chain finance linked to Greensill, the Swiss bank said on Tuesday. The collapse of Credit Suisse’s $10 …
LONDON – Britain’s accounting regulator said on Monday it has opened investigations into the audits of Greensill Capital and Wyelands Bank as regulatory scrutiny of the companies intensifies. Wyelands Bank is owned by steel tycoon Sanjeev Gupta’s metals-to-finance empire GFG …
Swiss bank Credit Suisse has prepared its first insurance claims on losses stemming from its $10 billion of funds tied to collapsed finance group Greensill Capital, the Financial Times reported on Wednesday. Credit Suisse is attempting to recoup billions of …
West Virginia Gov. Jim Justice confirmed on Tuesday that he is personally liable for $700 million in loans taken by his coal companies from a lender in the United Kingdom that went bankrupt. The Republican governor took shots at the …
Zurich Insurance does not expect to have a major exposure to the failure of supply chain financing firm Greensill Capital, the insurer’s chief financial officer said on Wednesday after it reported solid first-quarter earnings. Greensill Capital lent money to firms …
