Regulator censures Wyelands over receivables finance due diligence failings
05-04-23 / by John Basquill
UK authorities say Sanjeev Gupta’s Wyelands Bank provided a receivables financing programme without checking whether...Sanjeev Gupta
Greensill files cross-claim against insurers over disputed Liberty Commodities trades
29-03-23 / by John Basquill
Greensill has filed a cross-claim in Australia seeking payment for insurance claims totalling US$146mn, part...
Global banks to collaborate on fighting “pervasive” trade finance fraud
15-03-23 / by John Basquill
The International Trade and Forfaiting Association (ITFA) will lead efforts to cut out double financing...
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,...
Westford sues insurer over disputed Phoenix trades
05-10-22 / by John Basquill
Westford Trade Services is suing Dubai Insurance Co over losses involving disgraced commodities trader Phoenix,...
Gupta trade finance bank in insurance spat over Phoenix losses
27-09-22 / by Jacob Atkins
A former trade finance lender owned by steel tycoon Sanjeev Gupta has turned to the...
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...
Beleaguered UK steel sector welcomes US tariff talks but pleads for wider government support
26-01-22 / by John Basquill
UK steel industry groups are calling for swift action to remove tariffs on exports to...
Uncovered: Greensill’s insurance woes
02-12-21 / by John Basquill
Greensill’s use of risk mitigants, including trade credit insurance and export credit agency guarantees, was...