SoftBank-backed supply chain finance firm Greensill Capital has experienced a bevy of customers default in well-known accounting scandals and corporate meltdowns, the Financial Times (FT) reported. The British financing company put funding in place for “rent-to-own” merchant BrightHouse and hospital operator NMC Health — firms...
Payments company Finablr has said that it could be in danger of collapsing, and the Financial Conduct Authority (FCA) has frozen its trading, according to reports. Finablr, which owns Travelex, said that it discovered about $100 million of undisclosed financing, and that because of the...
Finablr, which owns a number of currency-exchange businesses, including Travelex, is weighing its options after its stock took a hit due to association with health operator NMC Health, according to a report by Bloomberg. The company is considering a few moves, including bringing in new...
August 10, 2020
Investigators examining alleged wrongdoing at once high-flying UAE healthcare provider NMC Health are exploring whether the company falsified drug orders to inflate the books of a related company through which NMC raised debt, the Financial Times reported on Monday (Aug. 10). NMC Health was the largest private healthcare provider in the UAE and a darling […]
March 16, 2020
Payments company Finablr has said that it could be in danger of collapsing, and the Financial Conduct Authority (FCA) has frozen its trading, according to reports. Finablr, which owns Travelex,...
March 05, 2020
Finablr, which owns a number of currency-exchange businesses, including Travelex, is weighing its options after its stock took a hit due to association with health operator NMC Health, according to...
