Results for greensill capital

Add to feed Create your own feed


David Cameron and Lex Greensill will be questioned by MPs next week over the Greensill Capital lobbying and financial scandal

Creditors of Greensill Capital’s U.K. unit stand to lose about 80% of their claims tied to the supply-chain finance firm that imploded earlier this year

David Cameron and Lex Greensill will appear before MPs to account for the failure of Greensill Capital and its lobbying of Government before it imploded. @batsub1  reports

tweet picture

Revealed: A group of former executives at Greensill Capital are re-emerging with the launch of Silver Birch Finance, a new trade finance provider, jujst weeks after their former employer collapsed, sparking a major lobbying scandal.

Whyalla steelworks given a lifeline as Greensill Capital collapses

Billionaire Sanjeev Gupta appears to have saved the steelworks in a $430 million refinancing deal, replacing funding which had previously stemmed from the collapsed Greensill Capital.

Whyalla steelworks given a lifeline as Greensill Capital collapses. #abc730  @AngeDonnellan 

Greensill Capital’s US arm was paying $2,868 an hour to one of the supply chain finance group’s other subsidiaries to charter an Italian turboprop jet before it collapsed in March.

Credit Suisse’s new chairman said strategic changes could be in store after it was flung into turmoil by the back-to-back collapses of Archegos Capital Management and Greensill Capital.


Most relevant

- Johnson was apparently astonished that Bill Crothers had simultaneously worked as a civil servant and for Greensill Capital. - was he oblivious to the fact that his most senior aide was working for two property companies? via @FinancialTimes 

3. First, some background: As PM, David Cameron opened the doors of government to Greensill Capital, owned by his friend Lex Greensill. When he left No 10, Cameron became an 'advisor' to the bank. In that role, he lobbied his former Tory colleagues.

EXCLUSIVE: Former Commissioner of the Met Police Lord Hogan-Howe was a paid adviser to collapsed lender Greensill Capital at the same time as working at the heart of Whitehall. @BenGartside98  a @tomelleryreesd  report

tweet picture

What did Greensill Capital actually do? Allowed firms to fake cash flows, boost bonuses, and mis-report profits financial engineering at its best.

Breaking on @FT  website: David Cameron pitched the services of supply-chain financing group Greensill Capital to a senior German government official just as an investigation into its German banking arm gathered pace. via @FinancialTimes 

In his letter to Acoba, Crothers confirms he was "given approval to take up a part-time board advisory role with Greensill Capital ... whilst employed as a civil servant." "This advisory role was not seen as contentious, and I believe not uncommon."  Not uncommon...

🚨 🚨 🚨 “Loans to Sanjeev Gupta’s company from Greensill Capital that were later sold to Credit Suisse investors were made on the basis of suspect invoices that have raised suspicions of fraud.”

Some stories just keep getting worse "The Treasury offered to try to redesign one of Britain’s main pandemic business support schemes to accommodate a company connected to David Cameron" which was the now bust Greensill Capital

Greensill Capital, now bust, and with connections to former PM David Cameron was trusted by the Govt to hand out Covid business loans even though it wasn’t a bank

David Cameron did not register as a lobbyist before lobbying the Govt to help the now bust Greensill Capital for whom he worked he broke a law which he introduced and could be fined.