City Greensill Financial News

06.11 / 07:35

Manufacturing BlackRock Fitch show performer reports KPMG cautions on uncertainty at Gupta’s InfraBuild ahead of bond offer

KPMG, the auditor of British industrialist Sanjeev Gupta’s InfraBuild, has warned of “material uncertainty” for the Australian steel distribution group if it is unable to complete a $US350 million ($544 million) financing offer to replace debts that fall due late next year.

03.11 / 08:55

Manufacturing BlackRock show performer Gupta’s InfraBuild seeks $544m in fresh debt to stave off lenders

InfraBuild, the steel distribution group that is one of British businessman Sanjeev Gupta’s key assets, has launched a last-ditch $US350 million ($544 million) bond in a bid to raise enough money to repay loans due next year, warning there were “material uncertainties” it could pay its debts.

08.10 / 19:49

Provident Aware cover information 2020 Australian ‘Serious problems were afoot’ at Greensill’s Australian insurer

Marsh McLennan breached its own rules by failing to warn a client of Greensill Capital that it was “patently obvious” there were serious problems at an insurance agency linked to IAG, courts have been told.

21.08 / 09:41

CEO Hawkins cover IAG discloses $7b in legal claims after Greensill Capital collapse

IAG has disclosed $7 billion in legal claims stemming from insurance written by a former commercial partner, most of which is represented by policies issued to collapsed financier Greensill Capital.

02.08 / 08:17

UPS BAY UBS Sanjeev Gupta pays last instalment on Whyalla steelworks lifeline loan

The Whyalla steelworks and other parts of Sanjeev Gupta’s Australian operations have been freed from the control of lenders almost two years after the British businessman faced losing the assets in the collapse of Greensill Capital.

18.04 / 12:36

UBS Takeover share price GAM’s share price spikes after Liontrust confirms takeover interest

Liontrust Asset Management, the UK-listed fund management group, is eyeing a takeover of GAM — the Zurich-headquartered firm that has been trying to find a buyer for months.

20.03 / 23:31

Provident BTC Fallout ICO UBS Bitcoin Time Bitcoin Price Prediction As BTC Approaches $30,000 Level – Can BTC Hit a New All-Time High in 2023?

Bitcoin, the world's most renowned and largest cryptocurrency, has sustained its recent upward trajectory, surging to $28,527 on Monday morning. Within the last 24 hours, BTC has risen by over 4%, and in the past week, it has gained over 28%, solidifying its status as one of the top-performing assets in the market.

28.02 / 10:47

Lowe's Maxim CEO Action Swiss Credit Suisse 'seriously breached' obligations in Greensill case, Swiss regulator says

Credit Suisse «seriously breached its supervisory obligations» in the context of its business relationship with financier Lex Greensill and his companies, Swiss regulator FINMA concluded Tuesday.

07.04 / 00:51

Progressive Grant Grant Thornton bills £19m for first year of Greensill administration

Grant Thornton generated £19m in fees during its first year as the administrator of collapsed supply chain finance company Greensill Capital, the accounting firm said in its latest progress report.

06.04 / 12:05

Progressive Grant Grant Thornton bills £19m for first year of Greensill administration

Grant Thornton generated £19m in fees during its first year as the administrator of collapsed supply chain financer Greensill Capital, the accounting firm said in itss latest progress report.

04.04 / 11:07

Disaster Credit Suisse says it has made changes to sidestep another Greensill-type disaster

Credit Suisse said on 4 April that it has made changes to the way it operates to avoid a situation similar to the one it faced when Greensill Capital collapsed, but that it won’t publish its investigation into the issue due to pending litigation.

31.03 / 20:23

FCA fines GAM £9.1m over Greensill conflicts

Swiss asset manager GAM has been fined £9.1m by the UK markets watchdog over its failure to manage conflicts of interest in its dealings with Greensill Capital.

30.03 / 14:19

FCA fines GAM £9.1m over Greensill conflicts

Swiss asset manager GAM has been fined £9.1m by the UK markets watchdog over its failure to manage conflicts of interest in its dealings with Greensill Capital.

12.11 / 03:11

Racing Exodus Credit Suisse kicks off ‘very aggressive’ hiring spree after Archegos exodus

Credit Suisse has hired or promoted 45 senior dealmakers in key markets this year, as the Swiss bank has raced to replenish its investment bank after a spate of departures in the wake of the Archegos crisis.

10.11 / 20:09

COST Credit Suisse’s legal troubles are dragging on its plans to rebuild

Credit Suisse is vowing to end reckless risk taking at the bank. The cost of earlier misdeeds are likely to keep biting back for years, weighing on efforts to put the past behind it.

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