Financial24.co.uk
Financial and Business News

- Advertisement -

- Advertisement -

- Advertisement -

Greensill made scramble for cash months before collapse, US court filings claim

70

Moves came as lender was trying to convince investors it was worthy of multibillion-dollar stock market debut, documents allege

At the turn of the new year, just weeks after Greensill Capital was trying to convince investors it was worthy of a multibillion-dollar stock market debut, US court filings show its executives were engaging in “increasingly frantic conduct” as they scrambled for cash.

Among them was Greensill’s vice-chairman, Roland Hartley-Urquhart, who court documents claim was chasing a large borrower for emergency payments and additional fees.

Continue reading…

Leave A Reply

Your email address will not be published.