Tag #Greensill Capital

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theguardian.com
🌐 85% Global Worthiness
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Credit Suisse Ignored Warnings on Greensill, Contributing to Bank's Collapse

A Finma report reveals that Credit Suisse executives ignored repeated warnings about their dealings with Greensill Capital, starting in 2018, ultimately contributing to Credit Suisse's collapse in 2023 and causing significant investor losses; the report was released as part of a London court trial.

Progress

44% Bias Score

Reduced Inequality
sueddeutsche.de
🌐 85% Global Worthiness
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Greensill Bank Collapse: €500 Million in Municipal Losses, Management Under Investigation

The insolvency of Greensill Bank in Bremen, Germany, caused €500 million in losses for 50 municipalities, while private depositors were compensated; investigations into former management are underway, focusing on potential fraud and mismanagement.

Progress

32% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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Liberty Steel Faces Liquidation, £340m Loss in South Yorkshire

Liberty Steel's South Yorkshire operations, employing 1,450, reported £340 million in losses over four years, prompting a union's call for owner Sanjeev Gupta's resignation and facing a July 16th deadline to avoid liquidation amid a broader UK steel industry crisis and a fraud investigation.

Progress

44% Bias Score

Decent Work and Economic Growth

Showing 1 to 3 of 3 results