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IAG to be hit with more Greensill-related insurance claims

US financier White Oak will allege that the insurers became aware in early-to-mid 2020 that there was, or might be, a problem with some policies.

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Workday Announces Fiscal 2024 First Quarter Financial Results

Fiscal First Quarter Total Revenues of $1.68 Billion, Up 17.4% Year Over YearSubscription Revenues of $1.53 Billion, Up 20.1% Year Over Year24-Month Subscription Revenue Backlog of... | May 25, 2023

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Workday Announces Fiscal 2024 First Quarter Financial Results

/PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, today announced results for the fiscal...

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Lex Greensill: Inside the rise and spectacular fall of a financial wizard

A new book about the business exploits of the boy from Bundaberg is flying off the shelves in his home town as court battles continue over Greensill Capital’s implosion.

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Greensill empire collapses | Global Trade Review (GTR)

Just months after being touted for a US$7bn IPO, Greensill is no longer in business. The London-headquartered fintech spiralled into insolvency in March after insurance cover lapsed and vital funding sources were frozen.
John Basquill investigates the practices and products that propelled Greensill’s meteoric rise – and brought it crashing back to earth.

When
GTR conducted an interview with Lex Greensill in March 2020, the Australian entrepreneur – founder and chief executive of London-based supply chain finance (SCF) provider Greensill – was quick to fire a warning to the company’s traditional bank competitors.
“I think the days of supply chain finance, as it stands today, are very much numbered,” he said. “It will be replaced with a newer model that is based on big data, and I think that tectonic shift is going to impact all players in the market. We’re just at the very earliest stages of that.”

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Sanjeev Gupta bid for yacht in January

The 64-metre schooner Atlantic is the perfect vessel for an arriviste trying ridiculously hard to simulate establishment bona fides.

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ASX 200 rises, Afterpay sinks, Vocus jumps

The S&P/ASX 200 Index (ASX:XJO) rose today. The Afterpay Ltd (ASX:APT) share price dropped, whilst Vocus Group Ltd (ASX:VOC) shares climbed.

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