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Barak Fund whistleblowers saw collapse coming - internal audit found no wrongdoing biznews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biznews.com Daily Mail and Mail on Sunday newspapers.
Whistle-Blowers Sparked Probe at Trade-Finance Fund Barak msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Australian banker Lex Greensill’s Greensill Capital, a start-up that provided short-term cash advances and spun off its loans into bond-like securities has filed for insolvency protection. This after bondholders Credit Suisse stopped investors from moving money in or out of $10bn in supply-chain investment funds when Greensill lost coverage from credit insurers. Backers such as German municipalities and Japan’s SoftBank stand to lose billions. Now South Africa’s Barak Fund, which has a strikingly similar business model to Greensill, is crumbling too, according to the Bloomberg article below. – Melani Nathan Another trade finance fund implodes in echoes of Greensill ....
Another Trade Finance Fund Implodes in Echoes of Greensill msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.