Page 22 - Bluestone Resources News Today

This week’s episode features an in-depth interview with Bluestone Resources president and CEO Jack Lundin on the company’s Cerro Blanco project and its accompanying Mita geothermal project in Guatemala. Jack also discusses his previous role at Fruta del Norte and the transition to becoming president of Bluestone Resources in April. All this and more with host Adrian Pocobelli.

© Dominik Reipka/Bloomberg via Getty Images The collapse of Lex Greensill’s business empire has left a messy international trail across several countries, including the UK, Germany, Switzerland and Australia. Former UK prime minister David Cameron, the German federal government, Softbank, and steel magnate Sanjeev Gupta are just a few of the more eye-catching stakeholders involved. So what actually happened and how are all of these parties involved in the story? Here’s a broad summary of t...

Credit Suisse Greensill Fund Holders Face More Losses This content was published on April 27, 2021 - 15:48 April 27, 2021 - 15:48 (Bloomberg) -- Investors in the Credit Suisse Group AG funds that invested in assets sourced by Greensill Capital may face a further $190 million loss on their holdings. A discount of roughly 7% will be applied to notes on a book of around $2.8 billion loans held in the funds, adding to potential losses stemming from troubled borrowers such as SoftBank Group Corp.-ba...

Netflix, Amazon pop up in Greensill Bank court filing Save Share US investor White Oak Global Advisors, which is in talks with Sanjeev Gupta over possibly pumping more money into GFG Alliance, is one of two dozen American groups – along with Netflix and Amazon Digital Services – named as creditors and counterparties of Greensill Bank in US bankruptcy filings. White Oak, headquartered in San Francisco, is also one of a handful of groups in talks now with GFG about potentially refinanci...

Credit Suisse Investors Face More Losses in Greensill Funds This content was published on April 26, 2021 - 13:37 April 26, 2021 - 13:37 (Bloomberg) -- Investors in the Credit Suisse Group AG funds that invested in assets sourced by Greensill Capital may face a further $190 million loss on their holdings. A discount of roughly 7% will be applied to notes on a book of around $2.8 billion loans held in the funds, adding to potential losses stemming from troubled borrowers such as SoftBank Group Co...

06:00am EDT| Kylie Jenner, West Virginia Governor Jim Justice And 59 Others Who Lost Their Billionaire Status This Year Share to Facebook Share to Linkedin Kylie Jenner and Jim Justice were two of this years 61 billionaire drop-offs. Sheldon Adelson was the wealthiest of another 23 who died. Bob Riha, Jr./Getty Images, Jamel Toppin, Hunter Martin/Getty Images Just 61 people across the globe saw their fortunes dip below $1 billion since last year, the smallest number in a decade, and another 23 ...

Just months after being touted for a US$7bn IPO, Greensill is no longer in business. The London-headquartered fintech spiralled into insolvency in March after insurance cover lapsed and vital funding sources were frozen. John Basquill investigates the practices and products that propelled Greensill’s meteoric rise – and brought it crashing back to earth.   When GTR conducted an interview with Lex Greensill in March 2020, the Australian entrepreneur – founder and chief executive of Lond...

Where is Lex? The ripple effect from Greensill’s collapse Save Share The rapid and total implosion of Australian financier Lex Greensill’s empire has morphed into an unseemly bunfight, involving a complex web of claims and cross-claims that will play out, painfully and protractedly, in courtrooms and creditors’ meetings in potentially a dozen countries. With Lex gone to ground, the impact is rippling far beyond Greensill Capital itself to banks, insurers and corporations, with Gr...

A coalmining firm owned by the governor of West Virginia is suing collapsed UK lender Greensill Capital for continuous and profitable fraud. Bluestone Resources, owned by American billionaire and Republican politician Jim Justice, claims it is fighting for survival after its sudden and unjustified abandonment by Greensill, which called in administrators last week, and which provided the company with £612million worth of loans between 2018 and 2021. In a lawsuit filed in New York, Bluestone say...

Greensill income built on high risk Save Share Greensill Capital’s biggest source of income was buying and selling invoices from risky companies that required insurance, underscoring its precarious business model, court documents have revealed. Some 90 per cent of Greensill Capital’s annual revenues, which were $US420 million ($540 million) in 2019, came from insured receivables, Greensill founder and chief executive Lex Greensill told the UK High Court of Justice in a witness stateme...