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West Virginia Gov. Jim Justice is reportedly on the hook for $700 million in loans from collapsed lender Greensill hrobertson@businessinsider.com (Harry Robertson) © Chris Jackson/Associated Press Jim Justice has been governor of West Virginia since 2017. Chris Jackson/Associated Press West Virginia Gov. Jim Justice is reportedly on the hook for $700 million in loans from Greensill, the collapsed financial firm. Justice personally guaranteed loans Greensill made to his coal companies, The Wall Street Journal reported. Credit Suisse is trying to claw back cash for people who...

The Bank of England governor says Lex Greensill should not be blaming his firm’s collapse on the expiry of insurance policies.

Greensill insurer Tokio Marine takes trade credit provisions Share Tokio Marine, the owner of the insurance group that guaranteed billions of dollars of securities packaged by Greensill Capital, has taken provisions for liabilities at its Australian trade credit business and confirmed it has hired external advisers to review its contracts with the supply-chain finance group. The insurance group, which owns Sydney-based Bond & Credit Co, said on Thursday that it had swung to an annual loss in its Asia and Oceania business due to a “reserve provision for trade credit insurance in Australia”...

Greensill, which filed for insolvency in March, has faced widespread criticism for allegedly lending against hypothetical invoices – in some cases from companies that However, giving evidence to the UK parliament’s Treasury Committee on May 11, founder and chief executive Lex Greensill was asked by Labour MP Siobhan McDonagh about lending in situations where there “was no inventory and there was no invoice, there was no evidence of any activity or business whatsoever”. Greensill replied: “A condition of our facilities… is that they must do business with the customer. They must h...

www.resource-capital.ch Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward Looking Statements This press release contains ?forward-looking information? within the meaning of Canadian securities legislation and ?forward-looking statements? within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, ?forward-looking statements?). All statements, other than statements of historical fact, t...