Greensill

Audit watchdog launches probes over Gupta-linked audits

Probes have been launched into audits of four companies founded by Sanjeev Gupta

Audits of Sanjeev Gupta-linked companies probed by watchdog

2 min read

Between March and August, the asset manager had paid out $5.9bn to investors in four instalments

Credit Suisse to pay another $400m to investors in Greensill exposed funds

Between March and August, the asset manager had paid out $5.9bn to investors in four instalments

1 min read

After Greensill's collapse in March, investors in a suite of Credit Suisse supply chain finance funds were potentially left on the hook for some $10bn

Credit Suisse looks to recover Greensill losses through more insurance claims

Supply chain finance funds continue to return money to investors after Greensill's collapse

1 min read

Australian financier Lex Greensill has had to appear before MPs over what was behind the collapse of his company

How the Greensill scandal could have left taxpayers on the hook for £335m

Report from the National Audit Office crunches the key numbers on how it all went wrong for the supply chain finance firm

4 min read

Woods raises concerns over whether banks' capital can keep up with positions in shadow sector

PRA chief questions banks’ ability to withstand Archegos-style shocks

Prudential regulatory head fears multiple collapses could cause a 'serious problem'

3 min read

New Credit Suisse chair Horta-Osorio resets agenda after Archegos, Greensill saga

New chairman says the bank’s current and potential risks ‘need to be a matter of immediate and close scrutiny’

4 min read

Britain's Prime Minister Boris Johnson was approached directly in March 2020 by Singapore-based James Dyson after having contacted the Treasury about his worries

Boris Johnson texted James Dyson to say he would ‘fix’ tax issue

Dyson texted Johnson over worries staff would be exposed to tax

David Cameron and Mel Stride

Greensill probe: Tough questions for Rishi Sunak, David Cameron, and Andrew Bailey

Bank of England governor Andrew Bailey is also under scrutiny

A shareholder group is recommending shareholders vote against the election of Andreas Gottschling on 30 April

Credit Suisse shareholders should oppose risk chair at AGM, investor group says

The fallout from Greensill and Archegos has “cast significant doubt” over the board's ability to oversee risk, says Glass Lewis

Credit Suisse plans $1.7bn payment to investors in Greensill-hit funds

The latest payment will add to the $3.1bn already distributed to investors

2 min read

Dodds raised questions about the communications between Chancellor Rishi Sunak and former Prime Minister David Cameron

Annelise Dodds urges probe into what the chancellor did after phone texts with David Cameron

Labour MP Anneliese Dodds also raised questions about further communication between former Prime Minister David Cameron and Chancellor Rishi Sunak that has not yet been made public

2 min read

Under fire: Thomas Gottstein, the Swiss bank’s chief executive

The tough questions Credit Suisse CEO Thomas Gottstein must answer

The axing of the bank’s chief risk officer and the head of the investment bank is the least that Gottstein could do, David Wighton writes

3 min read

Credit Suisse

Credit Suisse to pay out more to Greensill-hit investors as legal woes pile up

The Swiss bank said that it plans to make an additional cash repayment in ‘early to mid-April’

2 min read

Business secretary commits to support Liberty Steel post Greensill insolvency

Greensill filed for bankruptcy earlier this month after it lost credit insurance that was crucial to its business.

2 min read