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World reacts to Greensill Capital’s ‘chain of destruction’ – NEWS.com.au

World reacts to Greensill Capital’s ‘chain of destruction’

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The impending downfall of Aussie billionaire Lex Greensills financial empire has been placed under the microscope with fresh revelations causing a PR storm for the watermelon farmer-turned billionaire kingpin.The Sydney Morning Herald revealed Greensill Captial “waited only until recently” to inform financial backer Credit Suisse that it had no insurance for nearly $6 billion worth of company assets.
The new development surfaced after Credit Suisse froze billions of dollars of funding for the lender,…

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