Credit Suisse in crisis: Top executives axed and bonuses withdrawn as bank dives into the red after Greensill and Archegos disasters By Mark Shapland For The Daily Mail Published: 22:20 BST, 6 April 2021 | Updated: 22:20 BST, 6 April 2021 Top executives have been fired and bonuses slashed at Credit Suisse as the bank … Read more
Swiss banking giant Credit Suisse has axed two senior executives as it suffered billions of pounds worth of losses following the collapse of hedge fund Archegos and the British finance firm Greensill. Brin Chin, CEO of its investment bank, and Lara Warner, chief risk and compliance officer, both announced they would step down, while the … Read more
David Cameron ‘lobbied ANOTHER Tory Treasury minister for loans’ to rescue collapsed finance firm Greensill David Cameron ‘contacted financial secretary to the Treasury Jesse Norman’ Did so while trying to get access to chancellor Rishi Sunak, it has been claimed Norman known to the PM, serving as Downing Street policy advisor from 2013 By Henry … Read more
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
Rishi Sunak broke his silence over the David Cameron lobbying row today with a swipe at the former Tory prime minister. The Chancellor did not deny that Mr Cameron directly contacted him seeking million in Covid aid cash to help bail out financier Greensill Capital before it went bust. But in a cutting comment he … Read more
New ‘croynism’ row as it is revealed the Government’s former commercial chief Bill Crothers ‘took a job at Greensill without the Whitehall ethics watchdog being told’ amid questions over ex-PM David Cameron’s links to firm Business card obtained by Labour raised fresh questions about the businessman Lex Greensill had No 10 email address and landline … Read more
David Cameron and billionaire financier Lex Greensill went on a desert camping trip with Crown Prince Mohammed Bin Salman months after the Saudi leader was accused of ordering Jamal Khashoggi’s assassination, it has been claimed The lobbying trip to Saudi Arabia in early 2020 for now collapsed Greensill Capital took place following global condemnation of Bin … Read more
What was Greensill Capital and what did it do? Greensill Capital was an Anglo-Australian finance company set up by billionaire banker Lex Greensill in 2011. The company focused on supply chain funding. In doing this, it essentially acts as a middle-man for large business transactions – making its money by taking a cut during the … Read more
We must learn lessons of Greensill debacle: Call for firms to become more transparent in major shakeup of supply chain financing By Matt Oliver For The Daily Mail Published: 21:51 BST, 29 March 2021 | Updated: 21:51 BST, 29 March 2021 It is the common thread running through the disastrous collapses of Carillion, NMC Health … Read more
A tycoon at the centre of a lobbying scandal engulfing David Cameron boasted that the former Prime Minister set up a meeting between him and Barack Obama that paved the way for the magnate’s finance firm to strike deals across the world. Lex Greensill claimed Mr Cameron brokered an introduction to the then US President while … Read more