British regulator to investigate Greensill failures

On the 05.12.21 at 7:43AM


Tuba Raqshan

The Financial Conduct Authority (FCA) will launch an investigation into Greensill Capital and oversights that led to the bankruptcy of the supply chain finance (SCF) business.
Lex Greensill/
Credit: Greensill Capital

Greensill Capital, a supply chain finance firm seeking a $7bn valuation, collapsed earlier this year after its principal insurer refused to renew coverage on loans made to several of its customers.

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