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Bank of England spent very little time on Greensill, Governor says

Top U K Regulator Says It s Investigating Greensill Capital

May 12 2021, 4:33 PM May 11 2021, 5:59 PM May 12 2021, 4:33 PM (Bloomberg) Lex Greensill told lawmakers that investors in loans packaged by his firm were aware of the risks and denied being a “fraudster” in his first public appearance since Greensill Capital collapsed into insolvency in March. (Bloomberg) Lex Greensill told lawmakers that investors in loans packaged by his firm were aware of the risks and denied being a “fraudster” in his first public appearance since Greensill Capital collapsed into insolvency in March. The former Morgan Stanley banker, who founded the eponymous firm in 2011, faced questions from the U.K.’s Treasury Select Committee, which is examining what lessons should be learned from the demise of the lender. Greensill told lawmakers that the vast majority of loans it made were backed by real assets, even those tied to sales that hadn’t yet occurred.

David Cameron and Lex Greensill to appear before MPs next week : CityAM

David Cameron and Lex Greensill to appear before MPs next week David Cameron and Lex Greensill will appear before MPs next week to answer questions on the collapse of the boutique bank of the same name amid a huge lobbying row. The former Prime Minister was an adviser to the firm, which provided supply chain financing to firms including billionaire industrialist Sanjeev Gupta’s GFG empire. In the two months since the bank fell into insolvency, there have been repeated reports of Cameron lobbying ministers and officials including Chancellor Rishi Sunak on behalf of the firm. The allegations have led to accusations of “Tory sleaze” from the Labour Party, as well as the launching of multiple inquiries into the firm.

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