PYMNTS

JULY 6, 2020

Greensill is aiming to offer financial assistance to pharmacies in the United Kingdom with a payment technology it created with the NHS Business Service Authority (NHSBSA), according to an announcement. As of July 2018, Greensill has worked with more than 1,000 pharmacies, making over 1.2 billion pounds ($1.5

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Payments Analytics America Fintech 150

PYMNTS

JULY 22, 2020

The funds include a Credit Suisse Group AG fund and three linked funds that provide short-term funding to small- to medium-sized businesses (SMBs). At issue is the funds have assets that come from Greensill Capital and Softbank owns a significant stake in that U.K. SoftBank didn’t have an immediate comment.

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Groups Capital Payments Company 140

PYMNTS

JANUARY 6, 2020

Supply chain financing company Greensill Capital is gearing up to launch its first consumer-facing product, a mobile app connecting employees to access to earned wages on-demand. million suppliers to the millions of employees who work for our customers,” Founder Lex Greensill said in an interview with the publication.

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Capital Mobile Report Payments 132

PYMNTS

MAY 7, 2020

With “formal notice” provided to its clients that demand lengthier payment cycles, supply chain finance company Greensill said it has provided a last warning to firms that use its offerings to extend small business payment terms further than 30 days.

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Compliance Payments Report Company 150

PYMNTS

FEBRUARY 10, 2020

A position paper released by Kate Carnell, the Australian Small Business and Family Enterprise Ombudsman (ASBFEO), calls for a fairer approach to supply chain financing. Supply chain finance is a legitimate and effective tool that can be used to free-up cash flow for small and family businesses,” Carnell said in the position paper.

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Tools Payments Lending Capital 131

PYMNTS

JUNE 18, 2020

If payments were required within 30 days throughout the whole economy, financing company Greensill says large companies would need to quickly locate $65 billion in working capital. ” She continued, “That’s why it is more important than ever to ensure small businesses are paid on time.”.

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TheGuardian

MARCH 4, 2021

The loans were underwritten by an insurance company, Tokio Marine, which was in a legal battle with Greensill, where former UK prime minister David Cameron is an adviser.

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Capital Regulation US Company 92

TheGuardian

MARCH 9, 2021

Greensill filed for insolvency on Monday, prompting concerns that the failure puts jobs at risk at one of its biggest borrowers, the metals manufacturer GFG Alliance Group. Greensill allows businesses such as GFG to borrow money to pay their suppliers.

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Capital Regulation Groups Operations 89

TheGuardian

JULY 6, 2021

The National Audit Office said the government-owned British Business Bank [BBB] carried out limited due diligence on the firm’s application before giving permission to access the Coronavirus Large Business Interruption Loans Scheme (CLBILS). What is Greensill Capital? Continue reading.

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PYMNTS

DECEMBER 20, 2018

Alternative lender Greensill has released new research on how much vendors and manufacturers of holidays gifts and products will be waiting on in their accounts receivable departments. “Many companies pay their bills in 90 to 180 days,” Greensill added. The company said Wednesday (Dec. The company said Wednesday (Dec.

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Payments Company US Mobile 135

PYMNTS

OCTOBER 29, 2019

The SoftBank Vision Fund has invested an additional $655 million in supply chain financing firm Greensill Capital, just months after contributing an $800 million investment in an earlier funding round. 28) said Greensill Capital has now raised a combined $1.7 Reports in Crunchbase on Monday (Oct.

Capital 101

Capital Payments Fintech Report 101

TheGuardian

MARCH 31, 2021

Cameron took it upon himself to reform “the far-too-cosy relationship between politics, government, business and money”, which he said had “tainted our politics for too long”.

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Capital Industry 98

PYMNTS

OCTOBER 1, 2019

Calling for new requirements to improve the transparency of corporates’ use of reverse factoring, Moody’s noted that few businesses actually disclose their use of this supply chain financing tool, while others may not adequately understand the risks associated with it. A History Of Skepticism.

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PYMNTS

JUNE 19, 2020

Supply chain financing company Greensill revealed its acquisition of Colombia-based Omni, a small- to medium-sized business (SMB) lender that will enable Greensill to strengthen its Latin American footprint. It was a big week for B2B FinTech startups in Latin America.

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America Fintech Capital Regional 182

PYMNTS

JULY 9, 2019

Supply chain financing company Greensill is in the spotlight for allegations of providing a false statement on bonds sold by metals tycoon Sanjeev Gupta, reports in Reuters said on Sunday (July 7). The claims are the latest backlash to hit Greensill and GAM, which together operate the controversial GAM Greensill Supply Chain Finance fund.

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Report Meeting Management Security 100

TheGuardian

APRIL 27, 2021

Magnate may be compelled to give evidence as business committee launches inquiry in wake of Greensill Capital collapse The steel magnate Sanjeev Gupta could be summoned in front of MPs after the parliamentary business committee launched a formal inquiry into Liberty Steel following the collapse of its largest lender, Greensill Capital.

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Capital Strategy Industry Company 73

TheGuardian

MARCH 3, 2021

Greensill, which allows businesses to borrow money to pay their suppliers, is expected to file for administration in the UK within days. It is the latest blow to the supply chain finance firm, which counts David Cameron as an adviser. Continue reading.

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Regulation Capital Management Report 92

TheGuardian

MARCH 5, 2021

Investments in loans linked to ailing supply chain bank closed, adding to fears for British steel industry Credit Suisse is winding down specialist funds worth $10bn (£7.2bn) that were mostly invested in loans linked to Greensill, the crisis-hit supply chain bank.

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Capital Industry US Management 87

TheGuardian

JUNE 29, 2021

Officials’ emails to British Business Bank raise more questions about Greensill’s lobbying in Whitehall Government officials emailed the British Business Bank eight times for updates on Greensill Capital’s Covid loan requests, MPs have been told, raising further questions about the failed finance firm’s influence across Whitehall.

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Strategy Industry Operations 84

TheGuardian

MARCH 2, 2021

Greensill Capital is seeking insolvency protection in Australia and a rescue deal with new and existing backers, after two Swiss banks announced they were closing funds linked to the business over concerns about its true value.

Capital 80

Capital Regulation Operations 80

TheGuardian

MAY 24, 2021

Sale of aerospace supplier proposed as lenders try to claw back cash after Greensill collapse Liberty Steel has said it plans to sell its aerospace steel business based in Yorkshire as part of a restructuring deal as it tries to ensure its survival. Gupta met Credit Suisse representatives in Dubai, where he is currently based.

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Industry Fraud 65

PYMNTS

MAY 13, 2019

billion from a supply chain investment fund operated by GAM and Greensill, reports in Financial News said Friday (May 10). The GAM Greensill Supply Chain Finance fund was worth about $2.58 In a statement, a GAM spokesperson said the supply chain finance fund’s value fluctuations “are … a regular part of this business.”

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Report Management Capital Payments 108

PYMNTS

JUNE 29, 2020

. “The stability in invoice volumes and transaction volumes suggest that our customers are managing their businesses during the current situation without major disruption,” Medius CEO Per Åkerberg said in a statement. The United Arab Emirates saw the largest increase in overdue invoices, the report revealed. ” $1.3

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Payments Analysis Capital Strategy 256

PYMNTS

JULY 1, 2020

businesses, especially small to medium-sized enterprises (SMEs). Two months ago, the Treasury had asked for feedback on the scheme to help funnel more money to businesses hurting for cash in the pandemic. The program was nixed after ministers decided it wouldn’t be likely to really help the majority of U.K.

Guidelines 227

Guidelines Community Regulation Groups 227

TheGuardian

MAY 12, 2021

Regulator to review mechanism that allowed now collapsed bank to operate in UK without a licence The head of the UK financial regulator has promised to consider imposing restrictions on a system that allowed the now collapsed bank Greensill Capital to operate in the UK without a licence. Continue reading.

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System Regulation Operations Capital 79

TheGuardian

MARCH 3, 2021

Founder who employed David Cameron as an adviser was previously lauded for small business financing Lex Greensill likes to tell his story. He refuses, however, to talk about his current predicament, as Greensill Capital, the controversial bank he founded in 2011 with his brother Peter, a farmer, teeters on the brink of collapse.

Capital 66

Capital 66

TheGuardian

MARCH 31, 2021

Bank acts to recoup funds through courts against metals trading firm as Gupta tries for “standstill” deal with Greensill administrators Credit Suisse has begun court action to push a $4bn trading business belonging to the metals magnate Sanjeev Gupta into insolvency, as it tries to recoup losses.

Regulation 61

Regulation Company Industry 61

TheGuardian

MARCH 29, 2021

The Greensill Capital affair sums up what is wrong with a cosy revolving-door culture in British politics. According to reports at the weekend, between 2012 and 2015 the company’s Australian owner, Lex Greensill, was informally allowed the run of Whitehall by Mr Cameron and his cabinet secretary, Sir Jeremy Heywood. It must not be.

Capital 75

Capital Report Company Industry 75

TheGuardian

APRIL 22, 2021

Furthermore, FINMA announces that it opened proceedings against the bank in the context of the “Greensill” case in March 2021. in pre-market trade after results [link] 7.37am BST Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. billion Swiss francs.

Marketing 96

Marketing Capital US Policies 96

PYMNTS

OCTOBER 4, 2019

based alternative small business lending isn’t dead with investors and an India startup landed more than half a billion dollars. DiviPay offers a virtual card generation tool that enables businesses and their managers to oversee employee spend, set controls and analyze expense behavior. See all of the latest B2B fundraises below.

Capital 128

Capital Lending California Regional 128

TheGuardian

APRIL 6, 2021

higher at the start of trading 8.02am BST European stocks are off to a positive start in the first trading day since the Easter long weekend: 7.56am BST Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. billion Swiss franc hit (£3.4bn) over the Archegos Capital fallout.

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US Compliance Capital Regulation 40

PYMNTS

MARCH 19, 2019

billion GAM-Greensill Supply Chain Fund, run by GAM Holding and Greensill Capital. Yet, while it may benefit the company, the late payments leave suppliers short on cash, something Lorence Nye, a policy advisor for the Federation of Small Businesses (FSB), refers to as “supply chain bullying.”

Payments 108

Payments Atlanta Policies Trends 108

TheGuardian

APRIL 6, 2021

The Swiss bank is reeling from heavy exposure to Archegos and the business bank Greensill, which suffered successive but unrelated financial blow-ups. Continue reading.

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PYMNTS

MAY 28, 2020

“The cost of such deals compared to the cost of being out of business is not really a choice,” he told the news service. Flake said Ford is working with Greensill, a London-based provider of capital finance for businesses globally. They intend to expand, she added.

Michigan 141

Michigan Payments Capital Groups 141

PYMNTS

DECEMBER 12, 2019

Securities and Exchange Commission is turning its attention to a lack of transparency within corporates’ investor disclosures as more businesses use supply chain financing. According to McCord, the SEC recognizes a rise in supply chain finance use as more businesses turn to the trade finance tool to strengthen cash flows.

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Tools Report Washington Strategy 145

PYMNTS

DECEMBER 14, 2020

Delayed and late B2B payments are a global issue, but this week's B2B Data Digest shines a spotlight on two markets that are elevating the fight against late invoice payments to small businesses. According to small business and family enterprise ombudsman Kate Carnell, the policy is "a huge move that helps cash flow.".

Payments 187

Payments Policies Data Analysis 187

PYMNTS

DECEMBER 20, 2018

Greensill: Holiday Impact on Late Payments Will Be $110B. Manufacturing, shipping and selling the gifts being purchased during the holidays this year will force businesses in the supply chain to be waiting on $110 billion, an 18 percent increase from last year. Data shows that this coming Saturday — Dec.

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Capital Payments US Mobile 122