Credit Suisse in crisis: Top executives axed and bonuses withdrawn as bank dives into the red after Greensill and Archegos disasters By Mark Shapland For The Daily Mail Published: 22:20 BST, 6 April 2021 | Updated: 22:20 BST,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
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
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
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
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 and made its money by acting as a middle-man in large business transactions – taking a cut during the process. It paid suppliers … 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