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Financial Daily Dose 3.9.2021 | Top Story: Troubled Greensill Capital Files for UK Bankruptcy Protection | Robins Kaplan LLP


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Recently troubled SoftBank-backed financing firm Greensill Capital has filed for bankruptcy protection in Britain, just weeks after its insurer “refused . . . to renew its coverage for the company’s loans” - NYTimes and WSJ and Law360
After a torrid 2020, tech shares are bearing the early brunt of what appears to be a slowly growing light at the end of the Covid tunnel. Take the markets on Monday as a case in point - NYTimes and WSJ
Now let’s see if they correct the correction - Bloomberg and WSJ ....

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Apollo appoints former top SEC executive as lead independent director


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(Reuters) - Apollo Global Management Inc said on Thursday it had appointed former U.S. Securities and Exchange Commission (SEC) chief Jay Clayton as its lead independent director to improve corporate governance in the wake of an inquiry into Chairman Leon Black’s ties to late financier and convicted sex offender Jeffrey Epstein.
FILE PHOTO: Jay Clayton, Chairman of the U.S. Securities and Exchange Commission, speaks at the Economic Club of New York luncheon in New York City, New York, U.S.,September 9, 2019. REUTERS/Shannon Stapleton
The review found that Black, who co-founded Apollo 31 years ago and turned it into one of the world’s largest private equity firms, had paid Epstein $158 million for advice on tax and estate planning and related services between 2012 and 2017. ....

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