Greensill Capital Collapse Exposes Less-Than-Adequate Technological Capabilities March 22, 2021 By Lucca de Paoli Lex Greensill promoted his business as the future of finance, talking up a technology superior to Wall Street rivals that...
Greensill Capital Creditors, Led by Softbank, Submit More Than $1.4 Billion in Claims March 19, 2021 By Paulina Duran SYDNEY – Thirty-four creditors of Greensill Capital Pty, the Australian parent of the collapsed British supply chain financier, submitted over...
Tokio Marine Faces Larger-Than-Expected Exposure to Greensill Capital Meltdown March 19, 2021 By Patrick Winters and Taiga Uranaka Tokio Marine Holdings Inc. is facing a larger-than-expected exposure to the Greensill Capital meltdown after finding that reinsurance contracts intended...
Xenia Broking to Acquire Status Credit Insurance Brokers in UK March 17, 2021 Xenia Broking Group, the credit insurance and surety specialist, announced it has entered into an agreement to acquire Status Credit...
Credit Suisse Investors Express Concern About Fallout from Greensill Collapse March 16, 2021 By Brenna Hughes Neghaiwi, Carolyn Cohn and Oliver Hirt ZURICH — Credit Suisse warned it may have to book a charge over its dealings with Greensill, as scrutiny grows...
Credit Suisse Risk Officer Discovered in February Greensill’s Insurance Would Expire March 16, 2021 ZURICH – Credit Suisse’s Chief Risk and Compliance Officer Lara Warner was not aware until late February that insurance related...
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,...