Business
Tens of thousands of jobs at risk as Greensill Capital moves closer to collapse – The Guardian
Court papers reveal extent of difficulties facing the global financier, with billions of dollars of loans now under a cloud
Global financier Greensill Capital has moved closer to a collapse that could cost tens of thousands of jobs in businesses in Europe, the US and Australia, after a court released papers that cast doubt on its insurance of A$10bn (£5.55bn) of loans issued to its customers.
The loans were underwritten by an insurance company, Tokio Marine, which was in a legal battle with Greensill, where former UK prime minister David Cameron is an adviser.
Court filings show the insurer told Greensill it would withdraw…
-
General20 hours agoUber driver says rideshare app tells workers to flout road rules as bill introduced
-
General16 hours agoPerson in potentially life-threatening condition after wall collapses in Brisbane’s West End
-
Noosa News12 hours agoPolice appealing for information about ‘suspicious’ Brisbane charity fire that killed 44-year-old man
-
Noosa News8 hours agoOne dead and crime scene declared after house fire in Redland Bay, south of Brisbane