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Greensill Loses More Executives Amid Survival Fight This content was published on March 8, 2021 - 17:04 March 8, 2021 - 17:04 (Bloomberg) Three more directors of Greensill Capital have resigned as the trade-finance company faces a fight for survival following the flight of its top backers. Chairman Maurice Thompson resigned alongside former MSCI Inc. Chief Operating Officer David Brierwood and Patrick Allin, according to company filings seen by Bloomberg. They join four other board members who have stepped down recently, among them the brother of founder Lex Greensill. Read more: Greensill’s Overnight Downfall Was Many Months in Making A spokesperson for Greensill declined to comment. News of the departures was first reported by the Sydney Morning Herald. ....
(Bloomberg) Three more directors of Greensill Capital have resigned as the trade-finance company faces a fight for survival following the flight of its top backers. Chairman Maurice Thompson resigned alongside former MSCI Inc. Chief Operating Officer David Brierwood and Patrick Allin, according to company filings seen by Bloomberg. They join four other board members who have stepped down recently, among them the brother of founder Lex Greensill. Read more: Greensill’s Overnight Downfall Was Many Months in Making A spokesperson for Greensill declined to comment. News of the departures was first reported by the Sydney Morning Herald. Greensill’s trade finance firm is teetering on the brink of insolvency after investors cut ties with him and the German regulator froze his bank in the country. The fall from grace has been swift for a now ex-billionaire with access to U.K. political circles and the counsel of former Prime Minister David Cameron. Read more: Greensill’s Top Client, Gu ....
Sanjeev Gupta News | Live Feed & Top Stories newsnow.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsnow.co.uk Daily Mail and Mail on Sunday newspapers.
Greensill Loses More Executives Amid Survival Fight yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Publishing date: Mar 07, 2021 • March 7, 2021 • 3 minute read • Article content (Bloomberg) Over the past decade, Sanjeev Gupta has built a reputation as one of the globe’s biggest boosters of steel, sealing a slew of deals for mills and smelters from Romania to Australia while racking up billions in debt for moribund assets that few others wanted. The former commodities trader has sketched out a vision of a greener future for steel, with his loose network of companies GFG Alliance leading the way. But the near-collapse of his biggest lender, Greensill Capital, has abruptly choked off a key source of funding and is threatening that pace of breakneck expansion. ....