Business
Greensill considers insolvency after Credit Suisse fund freeze – The Australian Financial Review
Greensill Capital is reportedly considering filing for insolvency after Credit Suisse Group froze $US10 billion ($12.9 billion) worth of investment funds that the…
Greensill-linked financings played a role in the demise of a former star bond manager at GAM Holding in 2018.
Last year, Germanys banking regulator BaFin pressured the financiers lender to reduce concentration risks on its balance sheet.
In each case, Greensills exposure to UK industrialist Sanjeev Gupta, an early client, played a key role.
In a sign that other backers of Greensill have growing concerns about the business, SoftBanks Vision Fund has substantially written down its $US1.5 billion holding…
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