Regulator blasts Credit Suisse over investment in Greensill future receivables
28-02-23 / by John Basquill
Credit Suisse failed to recognise the growing risks associated with Greensill’s financing of future receivables,...Greensill Bank
Citibank allowed to proceed with GFG winding-up order, UK court rules
08-06-22 / by John Basquill
Citibank has been granted permission to pursue a winding-up order against three GFG Alliance companies,...
Fraud claims resurface in Greensill insurance dispute
06-04-22 / by John Basquill
Efforts to recover lost funds following Greensill’s insolvency are being held up by a dispute...
Credit Suisse court action a post-Greensill “fishing expedition”, SoftBank claims
23-02-22 / by John Basquill
Japan’s SoftBank has accused Credit Suisse of using court proceedings as a means of “manufacturing... Greensill and Gupta used ECA-backed Covid loans as cash collateral, documents show
09-11-21 / by John Basquill
Greensill used government-backed emergency Covid-19 loans to reduce its credit risk in relation to GFG Alliance...
No need for supply chain finance reforms, Greensill inquiry concludes
21-07-21 / by John Basquill
A UK parliamentary inquiry into the Greensill scandal has concluded that the lender’s collapse in...
GFG Alliance faces fraud investigation as financing crisis deepens
14-05-21 / by John Basquill
The UK’s Serious Fraud Office (SFO) has announced it is investigating potential fraudulent trading and...
Greensill denies GFG claims it financed invoices from non-existent customers
12-05-21 / by John Basquill
Lex Greensill has denied suggestions that Greensill Capital knowingly provided funding where there was no...
Greensill collapse ‘could damage investor confidence’ in SCF funds
05-05-21 / by John Basquill
Funds that invest in supply chain finance (SCF) programmes “face an uncertain future” after the... Banks steer clear of GFG after Greensill collapse leaves funding gap
21-04-21 / by John Basquill
Opaque company structures and questionable transactions at the heart of Sanjeev Gupta’s GFG Alliance are...