Business
Greensill caps off horror week with fresh Credit Suisse revelations – Sydney Morning Herald
A senior source at Credit Suisse says the bank was not told by Greensill about the group’s long running insurance issues.
Teetering financial services house Greensill Capital has capped off an extraordinary week of bad news with revelations that it waited until only recently to tell its financial backer Credit Suisse it had no insurance for over $US4.6 billion ($5.9bn) worth of assets.
A senior source at Credit Suisse told The Age and The Sydney Morning Herald the bank had not been told by Greensill about its long running insurance issues despite the Swiss lender running a series of funds covering $10 billion of the…
-
Noosa News6 hours agoJessica Alba spotted filming spy thriller on the Gold Coast as cameras roll under iconic bridge
-
Noosa News23 hours agoTrucking company penalised for refusing to pay unfairly sacked worker
-
Noosa News18 hours agoTallest tower outside CBD approved for construction at 205 metres
-
Noosa News19 hours agoFarmgate Backpackers leads with integrity amid industry challenges