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Tokio Marine Examines Validity of Greensill Insurance Policies Provided by Australia Unit

Credit Suisse scrambles to contain $10 billion Greensill aftershocks

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.

Credit Suisse scrambles to contain $10 billion Greensill aftershocks

Credit Suisse scrambles to contain $10 billion Greensill aftershocks
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.

Here s a Rundown of How Greensill Unraveled, the Key Players, and What Could Be Next

Here’s a Rundown of How Greensill Unraveled, the Key Players, and What Could Be Next Lex Greensill’s business has unraveled at a blistering pace, leaving a tangled trail of destruction all around it. On Monday, Greensill Capital filed for administration in the UK, capping a stunning collapse for its founder. The bank that he owns in Germany has been shut down by regulators, the funds he ran in partnership with Credit Suisse are being liquidated and his firm is in the process of being broken up with its core perhaps sold to Apollo-backed Athene Holding Ltd. Greensill himself has lost his billionaire status, and the myriad strands tangled up in the collapse involve everything from investment funds to the steel industry to Britain’s healthcare system.

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