Business
Greensill Capital files for insolvency, administrators appointed – Sydney Morning Herald
Australian Lex Greensill’s supply finance firm filed for insolvency on Monday in London, its administrators said, days after losing investor funding and insurance…
The collapse of Greensill, whose founder received a state honour from Britain in 2018 for his services to the economy, could lead to a series of regulatory investigations and cause financing problems for its higher-risk borrowers.
Greensill said it had provided more than $US143 billion of financing in 2019 to 10 million customers and suppliers.
In Germany, where Greensill runs a bank, financial regulator BaFin has filed a criminal complaint with prosecutors in Bremen, where the lender is based….
-
Noosa News24 hours agoLaidley e-scooter death: Tragic new details after Summah Richards killed in freak accident
-
General18 hours agoUkraine says Russia has ramped up attacks despite ‘Easter truce’
-
General23 hours agoEaster drowning toll in NSW rises after fisherman swept off rocks in Sydney’s south
-
General21 hours agoReason v magical climate thinking – voters have no choice