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EXCLUSIVE Frustrated by delays, Tokyo 2020 sponsors cancel booths, parties

EXCLUSIVE Frustrated by delays, Tokyo 2020 sponsors cancel booths, parties
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

Treasury Open To Regulating Areas Of Commercial Lending

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.

Greensill s U K Creditors Set to Lose 80% After Firm s Collapse

Greensill’s U.K. Creditors Set to Lose 80% After Firm’s Collapse May 07 2021, 6:52 PM May 07 2021, 3:59 PM May 07 2021, 6:52 PM (Bloomberg) Creditors of Greensill Capital’s U.K. unit stand to lose about 80% of their claims tied to the supply-chain finance firm that imploded earlier this year, leaving more than 200 backers with a deficit of about $1.2 billion. (Bloomberg) Creditors of Greensill Capital’s U.K. unit stand to lose about 80% of their claims tied to the supply-chain finance firm that imploded earlier this year, leaving more than 200 backers with a deficit of about $1.2 billion. Grant Thornton, which in March was appointed as administrator of Greensill’s operations after the company filed for insolvency, expects to pay out $275 million of about $1.46 billion in claims to unsecured lenders known as non-preferential creditors, according to a report from the audit firm published on Friday.

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