The U.K. entity that regulates auditors, accountants and actuaries has started a probe into Saffery Champness, a U.K. accounting firm, regarding its audit of Greensill Capital (UK) Limited’s financial statements for the year that concluded on Dec. 31, 2019, according to a Monday (June 28)...
The Italian bank Aigis went belly up following the Greensill Capital debacle involving GFG Alliance invoices, Financial Times (FT) reported on Monday (May 24). Aigis, based in Milan, was a specialty lender for small to medium businesses (SMBs). The Bank of Italy ordered that the...
The collapse of Greensill Capital was an uncomfortable reality check for the trade finance industry. While the supply chain finance firm’s downfall can be attributed to several factors, including a reported lack of transparency within the organization, it also speaks to its true technological capabilities...
Today in B2B payments, MSTS embraces a new identity, while Taulia secures a $6 billion finance facility. Plus, the latest on the ongoing Greensill Capital saga, Sage’s new collaboration with CSI and Triterras’ acquisition. B2B Payments Firm MSTS Changes Name To TreviPay International business-to-business (B2B)...
May 24, 2021
The Italian bank Aigis went belly up following the Greensill Capital debacle involving GFG Alliance invoices, Financial Times (FT) reported on Monday (May 24). Aigis, based in Milan, was a specialty lender for small to medium businesses (SMBs). The Bank of Italy ordered that the lender’s assets and accounts be sold to its competitor Banca […]
March 08, 2021
London-based Greensill Capital filed for insolvency protection following the takeover of its banking services division by U.K. regulators and the freezing of its funds by the Credit Suisse Group, The...
October 08, 2020
London-based supply-chain finance company Greensill Capital is looking for an infusion of funds amid monetary setbacks, sources told the Wall Street Journal (WSJ) on Thursday (Oct. 8). Greensill, a provider of...
June 24, 2020
Credit Suisse Group has started to look into funds invested in loans arranged by billionaire Lex Greensill and backed by Masayoshi Son’s SoftBank Vision Fund, Bloomberg reports. The largest Switzerland...
