Greensill Capital files for insolvency, administrators appointed – Sydney Morning Herald

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….

Click here to view the original article.