Credit Suisse Freezes More Supply Chain Finance Funds as Greensill Scandal Widens March 12, 2021 By Patrick Winters Credit Suisse Group AG froze four more funds that invested in the bank’s $10 billion supply chain finance strategy, adding...
Credit Suisse Faces Questions from Regulators, Insurers After Collapse of Greensill Funds March 11, 2021 By Brenna Hughes Neghaiwi, Makiko Yamazaki and Pamela Barbaglia ZURICH/TOKYO – Credit Suisse faces questions from regulators and insurers as it grapples with the fallout from the collapse of...
Tokio Marine Examines Validity of Greensill Insurance Policies Provided by Australia Unit March 10, 2021 TOKYO – Japanese insurer Tokio Marine Holdings Inc. said on Wednesday it is investigating the validity of insurance policies provided...
Here’s a Rundown of How Greensill Unraveled, the Key Players, and What Could Be Next March 9, 2021 By Lucca de Paoli Lex Greensill’s business has unraveled at a blistering pace, leaving a tangled trail of destruction all around it. On Monday,...
Australia’s Largest P/C Insurer Says It Has No Net Exposure to Greensill Capital March 9, 2021 Insurance Australia Group, the country’s largest general [P/C] insurer, said on Tuesday it had no net exposure to supply chain...
Greensill Files for UK Insolvency After Losing Insurance for Debt Repackaging Business March 8, 2021 LONDON – Greensill Capital filed for insolvency on Monday after losing insurance coverage for its debt repackaging business and said...
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...
Greensill Capital’s Funding Crisis Could Lead to Losses for Insurers, Banks: Analysis March 4, 2021 By Tom Bergin LONDON – A funding crisis at Greensill Capital could spill over to some of its high-risk borrowers and lead to...
Seeds of Greensill Capital’s Swift Fall Triggered When Credit Insurer Balked at Renewal March 3, 2021 By Lucca de Paoli and Nabila Ahmed The seeds for the rapid disintegration of Lex Greensill’s empire were sown eight months ago, when a little-known Australian insurer...