The founder of Liberty Steel has revealed that the company owes ‘many billions’ to collapsed financial backer Greensill Capital but insisted none of its plants will shut down ‘under my watch’. Labour has called on ministers to provide clarity on the future of Liberty Steel’s UK plants amid fears that thousands of jobs could be … Read more
MARKET REPORT: Shares in debt collection group Arrow Global soar as TDR Capital hits bullseye with a £560m bid By Francesca Washtell For The Daily Mail Published: 22:00 BST, 31 March 2021 | Updated: 22:00 BST, 31 March 2021 Arrow Global shares shot up after its private equity suitor made an official takeover offer. The debt … Read more
‘One of the greatest losses of wealth ever’: Archegos Capital Management boss Bill Hwang reels after meltdown By Lucy White For The Daily Mail Published: 22:19 BST, 30 March 2021 | Updated: 22:19 BST, 30 March 2021 The man at the centre of a hedge fund meltdown has broken his silence after suffering ‘one of … Read more
Investors in London Capital Finance lose out in High Court fight for compensation By Daily Mail City & Finance Reporter Published: 21:50 BST, 29 March 2021 | Updated: 21:50 BST, 29 March 2021 London Capital & Finance investors have lost a high court case over compensation. Thousands of investors who lost money in the collapse … Read more
Credit Suisse has been thrown into crisis just weeks before Antonio Horta-Osorio joins as chairman from Lloyds Bank. The Swiss investment bank was already reeling from the aftermath of a spying scandal and its exposure to bust lender Greensill Capital. But now it has revealed it will suffer a ‘highly significant’ hit to its profits … Read more
US coal mining billionaire slaps Greensill Capital with lawsuit for ‘continuous and profitable fraud’ By Tom Witherow For The Daily Mail Published: 01:12 GMT, 17 March 2021 | Updated: 01:12 GMT, 17 March 2021 A coalmining firm owned by the governor of West Virginia is suing collapsed UK lender Greensill Capital for ‘continuous and profitable … Read more
Billionaire founder of Greensill Capital in talks to remain with firm despite its collapse By Ben Harrington, Financial Mail on Sunday Published: 21:50 GMT, 13 March 2021 | Updated: 21:50 GMT, 13 March 2021 The billionaire founder of Greensill Capital is in talks to remain with the firm despite its collapse. Friends of Lex Greensill … Read more
Rishi Sunak’s tax on wealth… by stealth: Government is set to rake in £90bn through inheritance and capital gains levies in blow for middle classes, documents show The amount families will pay in inheritance and capital gains tax is set to soar Treasury is set to collect taxes worth 35 per cent of national income … Read more
Rishi Sunak’s tax on wealth… by stealth: Government is set to rake in £90bn through inheritance and capital gains levies in blow for middle classes, documents show The amount families will pay in inheritance and capital gains tax is set to soar Treasury is set to collect taxes worth 35 per cent of national income … Read more
POLAR CAPITAL GLOBAL FINANCIALS TRUST: £221m trust is well placed for the recovery By Jeff Prestridge, Financial Mail on Sunday Published: 21:52 GMT, 6 March 2021 | Updated: 21:52 GMT, 6 March 2021 Investment trust Polar Capital Global Financials represents a big market play on economic recovery. If the world economy bounces back as many … Read more