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GREENSILL INSOLVENCY
South Australia places Indian tycoon Gupta's Whyalla Steelworks in administrationSouth Australia has placed Sanjeev Gupta's Whyalla Steelworks into administration due to its worsening financial situation. The steelworks,...- Credit Suisse's troubles - spies, money laundering and takeoverSwitzerland's UBS has agreed to buy rival Credit Suisse for 3 billion Swiss francs in stock in a shotgun merger engineered by Swiss authori...
- Credit Suisse's scandals - spies, lies and money launderingThe bank is battling market skepticism about its financial health after a string of scandals, months after it was found guilty by Switzerla...
- Credit Suisse slashes top executives' bonuses 64% for torrid 2021Credit Suisse's 2021 was marked by the collapse of $10 billion in supply chain finance funds linked to insolvent British finance firm Green...
- Sanjeev Gupta’s GFG Alliance to infuse £50m to restart UK steel operationsGupta, founder chairman of the $20-billion revenue GFG Alliance, was fighting his biggest battle to save his metals-to-energy conglomerate ...
- Tata Steel settles unpaid debt claim with Liberty Steel out of courtTata Steel had in April launched proceedings against Liberty Speciality Steels, Liberty House Group PTE and Speciality Steel UK, all part o...
- Greensill cited ‘political steers’ on Gupta loans, probe findsGreensill collapsed in March after a key partner refused to extend crucial trade credit insurance that backed loans it made to a number of ...
- Archegos fallout shows big banks need to be resilient, Swiss central bank says"This incident demonstrates that banks are exposed to significant risks that are not necessarily related to macroeconomic or system-wide fi...
- JSW Steel examining bid for Sanjeev Gupta's British business: SourcesGupta has been scrambling to refinance after his go-to source of funding, British supply chain finance firm Greensill, filed for insolvency...
- India's JSW Steel examining bid for Sanjeev Gupta's British business: ReportJSW's interest, which extends to plants including Gupta's Adhunik steel mill in eastern India, could mark yet another chapter for Britain's...
- Sanjeev Gupta sued by Tata Steel for late payments linked to $139 million dealThe London lawsuit centers on the 2017 sale of Tata’s specialty steel business to Liberty House Group for 100 million pounds.
- Credit Suisse board member Gottschling to exit after risk management debacleGottschling is leaving after proxy adviser Glass Lewis and some of Credit Suisse's large investors were opposed his to re-election to the b...
- Credit Suisse sued over risk exposure to Greensill Capital, ArchegosThe pension fund, City of St. Clair Shores Police & Fire Retirement System, based in St. Clair Shores, Michigan, filed the class action law...
- As Sanjeev Gupta rose from trader to tycoon, several banks backed awayFour banks stopped working with Gupta’s commodity trading business, starting in 2016, after they became concerned about what they perceived...
- UK former PM David Cameron says Greensill lobbying should have been through formal channelsCameron, who was prime minister from 2010 to 2016, appointed the Australian banker as an adviser when he was in Downing Street. After leavi...
- Two Credit Suisse executives to depart as bank details Archegos losses: ReportThe bank was already facing scrutiny over its relationship with British finance firm Greensill, which collapsed into insolvency last month.
- Liberty Steel is an important asset, need to distinguish from ownership: UK minister"I think it's a really important national asset and what we have to do is to distinguish between Liberty Steel and the company that sits ab...
- Sanjeev Gupta's Liberty Steel to restart operations, in talks with British governmentGupta's conglomerate GFG Alliance said earlier this month it was in talks with administrators of Greensill over a standstill agreement. On ...
- British ministers reject Sanjeev Gupta's bailout plea, media reports sayGFG, a holding company for Gupta's assets, was the biggest recipient of financing from Greensill, a British financing company, which filed ...
- Greensill Capital files for insolvency, administrators appointedGreensill Capital filed for insolvency after losing insurance coverage for its debt repackaging business and said in a court filing that it...
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