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Greensill Says He Warned Credit Suisse Weeks Before Collapse This content was published on March 13, 2021 - 12:00 March 13, 2021 - 12:00 (Bloomberg) -- Lex Greensill said he told top Credit Suisse Group AG officials of his difficulties in securing fresh insurance to cover corporate loans underpinning his business for weeks before his supply-chain finance empire’s abrupt collapse. The ex-billionaire “regularly updated” executives including Chief Risk Officer Lara Warner on his problems in finding new cover after Australian insurer Bond and Credit Company had decided against renewing poli...
Greensill Says He Warned Credit Suisse Weeks Before Collapse Bloomberg 3/13/2021 Jonathan Browning and Patrick Winters © Bloomberg A sign hangs above the entrance to a Credit Suisse Group AG office building in Zurich, Switzerland, on Thursday, July 6, 2017. Switzerland is tightening capital requirements for PostFinance AG, Raiffeisen Schweiz and Zuercher Kantonalbank, three systemically important domestic banks, forcing them to set aside more funds to absorb losses and avoid government bailouts. (Bloomberg) -- Lex Greensill said he told top Credit Suisse Group AG official...