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Greensill Capital was a financial services company based in the United Kingdom and Australia. Its main business was the provision of supply chain financing and related services. The company was founded in 2011 by Lex Greensill. It filed for insolvency protection on 8 March 2021. [2]
Greensill's demise has caused red faces for the investors who back it, banks that worked with it, and sparked a political crisis in Britain. Greensill Capital scandal: What you need to know as ...
The Greensill scandal was a political controversy in the United Kingdom related to lobbying activities on behalf of financial services company Greensill Capital. It implicated former Prime Minister David Cameron , former Cabinet Secretary Jeremy Heywood and several other civil servants, and occurred during the COVID-19 pandemic .
Greensill began to unravel last Monday when its main insurer stopped providing credit insurance on $4.1 billion of debt in portfolios it had created for clients including Swiss bank Credit Suisse.
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Supply chain finance firm Greensill Capital could file for insolvency within days, the Wall Street Journal reported on Monday, after Credit Suisse earlier said it had suspended $10 billion of ...
GFG Alliance was Greensill’s biggest client and it was reported at the time of the collapse that it had an exposure totalling $5bn. [13] In April 2024, Grant Thornton, the administrators for Greensill, published a report where they revealed that they were still owed round $587.2m (£472m) from the GFG Alliance.
The demise of Greensill Capital jeopardised 5,000 steelmaking jobs in the UK. Lex Greensill to be questioned over firm’s collapse and lobbying Skip to main content