SunStar
CEBU Bzzzzz: Komusta ka na, mayor? OK na, Labella says, after 43 days of working from home, hiding not an option. Juan Mercado, SRP debt.
SunStar File March 10, 2021 CEBU City Mayor Edgardo Labella resumed reporting at his City Hall office Tuesday, March 9, cleared by his doctor for that and sent back to his regular duties but still advised to stay away from crowds.
But he could not keep away from his constituents, he told a press-con with City Hall reporters on his first day back to the proverbial salt mines. Hiding from the crowd is not an option, Mayor Labella said.
• Etihad Credit Insurance and African Trade Insurance Agency to provide trade finance solutions to businesses and exporters in both areas • ECI and ATI’s
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ZURICH (Reuters) - Credit Suisse grappled with the fall-out of Greensill Capital’s insolvency on Wednesday, as the head of its European asset management division temporarily stepped aside and it appointed receivers to recover a $140 million loan in Australia.
FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at a branch office in Bern, Switzerland, Oct. 28, 2020. REUTERS/Arnd Wiegmann
The Swiss bank was a key source of funding for the speciality finance firm, selling $10 billion worth of securities created by Greensill to investors via its asset management arm.
Greensill began to unravel last week after losing insurance coverage for its debt repackaging business, prompting Credit Suisse to freeze its Greensill-linked funds.