With a new incoming chair, Credit Suisse is looking at how to prevent top bankers from jumping ship, Bloomberg reported Friday (May 28). Credit Suisse won’t be working with SoftBank Group, which backs Lex Greensill’s collapsed supply chain finance empire. It also won’t be letting...
Today in B2B payments, Black Kite makes the case against ransomware payments, and Bottomline pairs with Autobooks on small business banking. Plus, Baker Tilly Canada Corporate Finance discusses small business M&A, U.K. regulators probe Greensill and Zoho adds corporate T&E features to its platform. Bringing...
A financial regulator in the United Kingdom disclosed that it is officially looking into the British business of Greensill, a supply chain finance firm, Reuters reported. Supply chain finance is a type of cash advance. The U.K.’s Financial Conduct Authority (FCA) is looking into issues connected...
Taulia has landed an infusion of over $6 billion by an alliance headed up by J.P. Morgan, Reuters reported. The group will encompass BBVA, UBS and UniCredit, Reuters reported, citing a statement from Taulia. J.P. Morgan offered $3.8 billion of a credit facility that has...
March 11, 2021
Switzerland’s Credit Suisse had to freeze four Luxembourg-based funds that invested $10 billion in supply chain finance, adding to the fallout from the collapse of London startup Greensill Capital, Reuters reported on Thursday (March 11). The second-largest bank in Switzerland was a central funding source for the startup, which was co-founded by Jason Austin and Lex […]
February 08, 2021
Supply chain financing company Greensill Capital delayed a new round of fundraising by several months after increasing the amount it wants to raise, the Wall Street Journal reported, citing “people...
