Business
How the Greensill empire was brought down – The Australian Financial Review
Skittish insurers, wary fund managers, a suspicious regulator and a sceptical press created a pile of tinder that only needed a few sparks to start a fire.
Doubt fed hesitancy, hesitancy fed anxiety. Occasionally something surfaced in the financial press to keep the embers of concern glowing. Then a trio of Australian insurers doused the thing in petrol, and up it went.
At the tender age of 44, Lex Greensills dream of making finance fairer looks to have been reduced to ashes.
Greensill had made the task of helping small companies get paid more quickly into a lifes work. As company lore has it, he was barely out of the Bundaberg family farm, and still…
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