Business
Insurance time bomb didn’t halt Greensill’s IPO spruiking – The Australian Financial Review
Greensill Capital’s troubles were months in the making. But while regulators and insurers tightened the noose, it continued to talk up its float.
Greensills tardiness in raising the matter didnt impress Justice James Stevenson, who cited it as the main reason hed declined to grant an injunction preventing IAG from ceasing coverage. The lack of insurance was of serious concern to Greensills lender at Credit Suisse. And the rest is history.
While Greensill wasnt urgently consulting its lawyers about its insurance arrangements, Lex Greensill was often in the news. Mostly to spruik a capital raise.
In early November, this newspaper reported that…
-
Noosa News22 hours agoGippsland livestock agent Nathan Gibbon jailed for defrauding exporting companies
-
Noosa News22 hours agoTax office launches probe into case with devastating outcome
-
General15 hours agoUS, NATO strike Ukraine arms deal as Donald Trump gives Vladimir Putin 50-day deadline
-
General14 hours agoArnaud Harixcalde Logan charged with ‘malicious mischief’ after allegedly damaging case of Stone of Scone in Scotland