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Marsh McLennan settles $143mn lawsuit over function in Greensill collapse
Unlock the Editor’s Digest without cost Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly e-newsletter. Marsh McLennan, the world’s greatest insurance coverage dealer, has settled a high-profile lawsuit by which it was accused of fraudulent conduct in its work for failed financing agency Greensill Capital. US personal debt agency White Oak had been searching for $143mn in…
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Reverse Repo Trend and FRED "Scheduled Maintenance" On Monday- Is Something Up?
Reverse Repo Trend and FRED “Scheduled Maintenance” On Monday- Is Something Up?
For those of you who like spending your time on such things, there’s a very interesting chart published by the Saint Louis Federal Reserve Bank – often referred to as FRED for short – that shows how much cash the Federal Reserve is pumping out into the reverse reposession (reverse repo, or even rrepo, for short) market. In a very simplified nutshell, reverse repossession is a process by which one…
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Greensill: Lady Heywood's anger at 'scapegoating' of late husband by inquiry
The process of accrediting Greensill for the programs garnered what British Business Bank officials regarded as an “unusual” level of interest from the U.K.’s Department for Business, Energy and Industrial Strategy, the investigation found.
Staff at the department, known as BEIS, asked if Greensill could be permitted to lend more than the maximum 50 million pounds to a borrower and asked for the decision to be prioritized, the audit office’s report said. Greensill was limited to that sum under its guarantee from the British Business Bank.
Jim Justice is personally liable for hundreds of millions of dollars in loans taken out by his coalmining companies
"Do it for Baby Dog and support me, y'all..."
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