Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2021
Collapse and investor losses
The loss of insurance, Credit Suisse’s fund suspension, customer defaults and Greensill’s insolvency triggered investigations and potential losses for investors and creditors.
2021
David Cameron lobbying controversy
David Cameron’s lobbying of UK ministers for emergency financing became a major political controversy after Greensill’s collapse. The government released messages and commissioned an inquiry into the company’s access and lobbying efforts.
2021
Exposure to GFG Alliance
Greensill and Greensill Bank had substantial exposure to GFG Alliance and related companies. The concentration, including future-receivables lending, was linked by reports to the company’s financial distress.
2021
BaFin enforcement against Greensill Bank
BaFin filed a criminal complaint and prohibited Greensill Bank from conducting activities after its investigation into accounting and financial conditions.
2021
Bluestone Resources sues Greensill Capital
Lawsuit filed
Bluestone Resources sued Greensill Capital in Manhattan federal court, alleging that Greensill defrauded it in an $850 million financing deal. Bluestone sought unspecified damages.
Source excerpt
Greensill’s collapse presents “a clear and present threat” to the business of Bluestone Resources Inc., the mining company said in a complaint filed Monday night in Manhattan federal court.
Bluestone claims it was defrauded by Greensill in an $850 million financing deal.
2020
SoftBank-related circular funding concerns
Reports raised concerns that SoftBank invested in Credit Suisse funds that financed Greensill, while Greensill financed companies backed by SoftBank. The arrangement was described as a circular flow of funding and raised questions about conflicts and concentration risk.
2018
GAM-related controversy
Greensill attracted media scrutiny over its involvement in a controversy at Swiss asset manager GAM. Lord Myners called for a formal investigation into the company’s role and relationships.