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Bloomberg Markets and Finance features news about financial markets from around the world. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
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Bloomberg Markets and Finance published this video item, entitled “The Rise and Fall of Greensill” – below is their description.
Mar.11 — It took Lex Greensill two decades to build up his $7 billion empire, but it unraveled in a matter of days, triggered by Credit Suisse Group AG freezing redemptions from a $10 billion suite of funds that had invested in Greensill Capital’s products. Bloomberg’s Luca Casiraghi reports on “Bloomberg Markets: European Open.”Bloomberg Markets and Finance YouTube Channel
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In This Story: Credit Suisse
Credit Suisse Group AG is a global wealth manager, investment bank and financial services firm founded and based in Switzerland.
3 Recent Items: Credit Suisse
In This Story: Greensill Capital
Greensill Capital was a financial services company based in the United Kingdom and Australia. It focused on the provision of supply chain financing and related services. The company was founded in 2011 by Lex Greensill. It filed for insolvency protection on 8 March 2021.