Robert Smith, Kaye Wiggins and Silvia Sciorilli Borrelli
May 25, 2021 â 9.18am
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London/Milan | An Italian bank has collapsed through exposure to Greensill Capital and GFG Alliance, as the shockwaves from the failure of the British finance company claimed another casualty.
Milan-based Aigis Banca, a specialist lender to small and medium-sized businesses, was ordered into liquidation by the Bank of Italy at the weekend, with larger peer Banca Ifis buying its assets and liabilities for the symbolic price of â¬1 ($1.60).
Lex Greensill before a British House of Commons inquiry earlier this month. Aigis Bancaâs problems stemmed from investment products linked to invoices it had bought from Greensill. Â
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