Podcasts about lex greensill

This week on The Fin podcast, Financial Review reporters Jenny Wiggins and Liam Walsh on how IAG became entangled in the Greensill Capital collapse, what's next in the legal stoush, and why billions of dollars and corporate reputations are at stake. This podcast is sponsored by Governance Institute of Australia. Further reading: The $7b hangover: How IAG was sucked into Lex Greensill's vortex One of Australia's most expensive corporate fights is in court. But how did the insurer targeted in the cases become entangled? The battle of Saughall fields: What Lex Greensill did next The fallen Australian billionaire tried to buy 200 hectares of farmland near a village in north-west England so the view from his home isn't spoiled. Now the town is tearing itself apart over the plan. How the Greensill empire was brought down Skittish insurers, wary fund managers, a suspicious regulator and a sceptical press created a pile of tinder that only needed a few sparks to start a fire. See omnystudio.com/listener for privacy information.

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In this episode we dive into the collapse of Greensill Capital with Duncan Mavin - Author of The Pyramid of Lies. In the world of finance, many people invest without thoroughly reading complex documents. They trust established players, assuming due diligence has been done. This trust can lead to issues when promises don't align with reality. Greensill Capital's rise and fall is a story of complex finance, layered with personalities. Lex Greensill's journey from a farming background to financial prominence is fascinating. His charisma and visionary image drew people in, blinding them to potential red flags. Lex's actions and the recurring financial scams in the industry raise questions about the underlying motivations and mindset of individuals like him. The pursuit of high society and credibility in the financial world drove Lex to build an image of success, utilising relationships with prominent figures like David Cameron. He played a pivotal role in opening doors for Lex and Greensill, leveraging his political connections to secure funding and access to influential leaders, such as Muhammad bin Salman. The problem with supply chain finance, as exemplified by Greensill, is that it has been applied in ways that harm small businesses. Big buyers can coerce small suppliers into unfavourable deals, essentially holding their finances hostage. Although there's a move to make accounting more transparent, predatory practices still persist. The story of Greensill is part of a larger pattern where financial schemes are portrayed as benevolent efforts to democratise finance. However, in reality, they often serve personal interests or attract investments based on inflated promises. Lex Greensill's focus on branding and credibility-building using other people's money underscores the disconnection between the public image and the actual economic impact of such ventures.

As banking reels from Credit Suisse's crisis, we look at its old rivalry with rescuer UBS and how it wasted billions on an Australian farmer. Find out more about The Front podcast here and read about this story and more on The Australian's website or search for The Australian in your app store. This episode of The Front is presented by Claire Harvey and edited by Jasper Leak. The multimedia editor is Lia Tsamoglou, and original music composed by Jasper Leak.See omnystudio.com/listener for privacy information.

For this week's free episode, the gang is back together to discuss recent developments involving Microsoft buying AI software. However, we're more enthralled with a story from a county council in Cheshire and a proposed real estate deal involving an Australian gentleman named Lex Greensill. Hope you enjoy! If you want access to our Patreon bonus episodes, early releases of free episodes, and powerful Discord server, sign up here: https://www.patreon.com/trashfuture *WEB DESIGN ALERT* Tom Allen is a friend of the show (and the designer behind our website). If you need web design help, reach out to him here:  https://www.tomallen.media/ Trashfuture are: Riley (@raaleh), Milo (@Milo_Edwards), Hussein (@HKesvani), Nate (@inthesedeserts), and Alice (@AliceAvizandum)

Greensill Capital was a UK based finance firm and a darling of investors which made its money by lending to businesses. It went into administration in March 2021, leaving investors facing billions in losses. What went wrong with Greensill? Why did leading politicians like former British Prime Minister David Cameron get involved? And what does it teach us about the way modern entrepreneurs, like Australian-born Lex Greensill, try and promote themselves? Ed Butler speaks to Duncan Mavin, a financial journalist who followed the downfall of Greensill – he's written a book about what happened. Presenter: Ed Butler Producer: James Graham (Image: Lex Greensill. Credit: Shutterstock)

Interview recorded - 30/09/2022Buy book - https://amzn.to/3SvJO8ROn todays episode of the WTFinance podcast I had the pleasure of speaking with Duncan Mavin, former Journalist for The Wall Street Journal and Dow Jones, and author of the recently released book “The Pyramid of Lies - Lex Greensill and the Billion-Dollar Scandal” During our conversation we talked about what is Supply Chain Financing, Who was Lex Greensill, how the company collapsed and the fallout. I hope you enjoy!0:00 - Introduction0:26 - Influence for writing the book?1:32 - What is Supply Chain Financing (SCF)?3:46 - Lex Greensill's obsession with SCF6:50 - Empire building and always looking for the next sale8:09 - Investing in the idea or the person?11:30 - Why did the company and business idea not work?16:20 - Acquiring a bank17:45 - Was Sanjeev Gupta a perfect example of the average Greensill customer?21:00 - Was Covid the main reason for the collapse?24:40 - What was the fallout from the Greensill collapse?27:48 - Contracts for not “potential” contracts30:22 - Consistent trends with other frauds34:45 - Higher pay at Greensill36:36 - One message from the interview?Duncan Mavin is a seasoned international financial journalist and author of the critically acclaimed The Pyramid of Lies: Lex Greensill and the Multi-Billion Dollar Scandal.Born and raised near Newcastle, he studied history at Durham University and spent a decade as a chartered accountant in the City and in Toronto.He then became a financial reporter and foreign correspondent for Canada's National Post. Since 2009, he has been a reporter and editor for Dow Jones publications including the Wall Street Journal, based in Hong Kong, London and New York. Duncan wrote and edited the Journal's influential Heard on the Street column for several years, and was the Journal's Financial Editor for Europe, the Middle East and Africa. He was also the Managing Editor for Barron's Group. He has also contributed to podcasts and radio and many live events. His writing has also appeared in Barron's, Financial News and on Bloomberg News.He lives with his wife and three sons in the UK, and is a long-suffering fan of Sunderland football club.Duncan Mavin - LinkedIn - https://www.linkedin.com/in/duncan-mavin-6499923/?originalSubdomain=ukTwitter - https://twitter.com/dumav?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5EauthorWTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfnTikTok - https://vm.tiktok.com/ZMeUjj9xV/iTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Linkedin - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseas

How did Australian farmer Lex Greensill convince the likes of Credit Suisse and the Softbank Vision Fund that he was a highly investable fintech entrepreneur? Why was former UK Prime Minister David Cameron recruited as a lobbyist? And what caused Greensill's 'pioneering' chain finance model to collapse with the loss of billions of dollars? Join our host Russell Napier as investigative journalist Duncan Mavin reveals a tale of greed, deceit and incompetence.Duncan Mavin is the author of The Pyramid Of Lies: Lex Greensill and the Billion-Dollar Scandal, published by Pan Macmillan.For more information on the Advanced Valuation in Financial Markets course mentioned by Russell, please see www.didaskoeducation.org.

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market: Companies linked to insolvent British financier Lex Greensill obtained insurance fraudulently, insurer Tokio Marine said, adding it did not plan to pay out on the policies and would "vigorously defend" itself against any legal claims US President Joe Biden has announced plans for what is said to be the largest release from the strategic petroleum reserves in American history of 1 million barrels a day for six months to lower gas prices at the pump. The Export-Import Bank of Korea has put on hold its decision to provide financial support for the Australian Barossa-Caldita gas field project Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

In this episode of the podcast Will is joined by the former First Minister of Wales and Leader of the Welsh Labour Party from 2009 to 2018 Carwyn Jones. They discuss the changes in Wales since the establishment of the Senedd, his time as First Minister of Wales, the Welsh Independence movement, David Cameron's dealings with Lex Greensill, the future of the UK and how Labour can regain areas it lost in the 2019 UK General Election. 

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market: The Emerging Africa Infrastructure Fund is lending €25 million over 18 years to Ivoire Hydro Energy (IHE), which will build a 44MW hydro electricity generation plant on the Bandama River near the village of Singrobo, in Côte d'Ivoire The US Justice Department is investigating Connecticut-based trading house Freepoint Commodities over whether payments to employees of Brazil's state-run oil company Petrobras broke US laws, two sources said On 14 July, a UK Parliamentary Select Committee published its report on the lessons from the collapse of Greensill Capital after taking extensive evidence from the parties involved, including founder and chief executive Lex Greensill and former Prime Minister David Cameron, who had later become an advisor to the company Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

https://thecommunists.org/2021/05/21/news/sanjeev-gupta-lex-greensill-david-cameron-affair/

Today on The Leaders' Brief - Britain's health secretary Matt Hancock said last week that the country's vaccine rollout was clearly working after the country reported zero COVID related deaths for the first time in almost a year. The UK is among the first European countries to gradually open up its economy and since last month has gradually allowed the easing of COVID restrictive measures which had followed a strong coronavirus wave.  US President Joe Biden's administration is freezing all oil and gas leases in Alaska's Arctic National Wildlife Refuge pending an environmental review on the impact of drilling in the region. The leases were given by the erstwhile Donald Trump administration during the final months of his presidency. The suspension follows a January executive order that identified “alleged legal deficiencies” in the original leasing program and put in place a temporary moratorium on any oil and gas-related activities in the refuge. The Swiss bank and investment firm Credit Suisse is preparing litigation against Japan's SoftBank after the collapse of Greensill Capital that could see clients lose as much as $3 Billion. The Japanese conglomerate was an important investor in Lex Greensill's collapsed supply-chain finance empire. The Swiss bank had earlier announced that it would sever relations with Softbank as it was reviewing its risk and client relationships after being hit by the twin collapses of Greensill and Archegos Capital Management.  About egomonk: Website | Facebook | Twitter | LinkedInegomonk is a global intelligence platform delivering asymmetric outcomes by bringing organizations closer to the communities they want to serve and the leaders they wish to influence. If you wish to collaborate with us then email us at contact@egomonk.com.

Engine No. 1's economicsWe talked a couple of times last week about the plucky and successful activist campaign that hedge fund Engine No. 1 LLC waged... couple timeslaunched six months agoreimbursed by the companythe Exxon proxy fight talk about sustainabilityvote bulletinAlso a great trade herepress releasethe prospectus GameStoprisk factors lots of talk about short squeezes time timeenforcement actiondid this strategysaid the usual thingsSEC complaint this isn’t quite thatless than $7 million decided that it should be Archegos Capital Managementgot broken by Archegos a money-market investment plus some warrants hybrid IPOs buy at the IPO priceAnyway never understoodmiss all those SPAC fees finetold MailOnline that I saidMobile Steam Unit saysDesk Jockey + Steakhouse Blacklisted GuptaLex GreensillGreensill Loans ClouderaCrypto Market CrashBitcoin ETF applicationshas partners worriedAnti-Money-Launderingdigital walletNFT Real Estateauctioning it off as an NFTsubscribe at this linkhereproxy statement says

We've been following the story of how a now disgraced financier, Lex Greensill, wormed his way into the upper echelons of David Cameron's government. Earlier this month, the two men at the heart of the affair appeared in front of parliamentary committees to answer questions about the lobbying scandal that engulfed Westminster. What did we learn?This podcast was brought to you thanks to the support of readers of The Times and The Sunday Times. Subscribe today and get one month free at: thetimes.co.uk/storiesofourtimes.Guest: Gabriel Pogrund, Whitehall Correspondent for The Sunday Times.Host: David Aaronovitch.Clips from: Parliament TV, Sky News. See acast.com/privacy for privacy and opt-out information.

In episode six, Lex Greensill and David Cameron appear before parliamentary committees to answer questions about the affair. What did we learn?This podcast was brought to you thanks to the support of readers of The Times and The Sunday Times. Subscribe today and get one month free at: thetimes.co.uk/storiesofourtimes.Host: David Aaronovitch. See acast.com/privacy for privacy and opt-out information.

What goes up must come down, as Lex Greensill's eponymous company runs into difficulty, we speak to one of the journalists who exposed the story of how his advisor, former Prime Minister David Cameron lobbied the government for financial aid on his behalf.This podcast was brought to you thanks to the support of readers of The Times and The Sunday Times. Subscribe today and get one month free at: thetimes.co.uk/storiesofourtimes.Host: David Aaronovitch. See acast.com/privacy for privacy and opt-out information.

In episode five, how did the actions of Sanjeev Gupta impact on Lex Greensill and bring them both crashing down to earth?This podcast was brought to you thanks to the support of readers of The Times and The Sunday Times. Subscribe today and get one month free at: thetimes.co.uk/storiesofourtimes.Host: David Aaronovitch. See acast.com/privacy for privacy and opt-out information.

In the first part of the story of the industrial scandal that became a financial scandal that turned into a political scandal, Sunday Times Whitehall correspondent, Gabriel Pogrund, discusses Lex Greensill, a central character in the saga.This podcast was brought to you thanks to the support of readers of The Times and The Sunday Times. Subscribe today and get one month free at: thetimes.co.uk/storiesofourtimes.Host: David Aaronovitch. See acast.com/privacy for privacy and opt-out information.

We've been following the story of how a now disgraced financier, Lex Greensill, wormed his way into the upper echelons of David Cameron's government. On Monday we found out a lot more about metal magnate Sanjeev Gupta, but what happened to his empire that led to the collapse of its biggest financier Greensill Capital?This podcast was brought to you thanks to the support of readers of The Times and The Sunday Times. Subscribe today and get one month free at: thetimes.co.uk/storiesofourtimes.Guest: John Collingridge, Deputy business editor at The Sunday Times.Host: David Aaronovitch.Clips from: GFG Alliance, Parliament TV, Sky News, BBC News. See acast.com/privacy for privacy and opt-out information.

The industrial scandal, that became a financial scandal that led to a political scandal: this is the story of Lex Greensill and David Cameron. See acast.com/privacy for privacy and opt-out information.

We've been following the story of how a now disgraced financier, Lex Greensill, worked his way into the upper echelons of David Cameron's government. Today we explore Greensill's collapse and how it involved their biggest client, metal magnate Sanjeev Gupta and his business empire.This podcast was brought to you thanks to the support of readers of The Times and The Sunday Times. Subscribe today and get one month free at: thetimes.co.uk/storiesofourtimes.Guest: John Collingridge, Deputy business editor at The Sunday Times.Host: David Aaronovitch. See acast.com/privacy for privacy and opt-out information.

Talking, stalking and elbow bumps. David Cameron’s cringe-worthy texts popped up again today when MPs grilled him on how he lobbied ministers for Lex Greensill. Former Chief of Staff to Theresa May, Gavin Barwell, reveals exactly how David Cameron used to end messages to him. And Greater Manchester Mayor Andy Burnham says we should vaccinate 16 years olds if cases of coronavirus keep rising in Bolton. Today’s Newscast was made by Maz Ebtehaj, with Cristina Criddle, Jack Fenwick, Joel Massey and Alix Pickles. Dino Sofos is the Editor.

Iain Duncan Smith, former Conservative party leader and MP for Chingford and Woodford Green discusses the government legislative agenda but takes aim at the reforms to planning laws. He tells Bloomberg Westminster's Caroline Hepker and Yuan Potts that voters in red wall constituencies have more in common with middle class southern voters than they think. Plus as Lex Greensill faces the Treasury Select Committee to address the collapse of his firm and its lobbying of government. Jon Gerlis, public relations and policy manager at the Chartered Institute of Public Relations says there should be reform to register all lobbyists and tougher rules for the sector.

Contrary to popular belief, we were not the people who broke the story about Lex Greensill and supply chain finance -- we just fell in love with it because it was the perfect intersection of all our interests (tech bullshit, obvious fraud, Australians, guys). However, someone who has been on this story since its inception is Financial Times journalist Rob Smith (@BondHack), and he's on the show today to review what's happened in this big ol' mess-er-idoo. If you want access to our Patreon bonus episodes like this one, early releases of free episodes, and powerful Discord server, sign up here: https://www.patreon.com/trashfuture We support the London Renters Union, which helps people defeat their slumlords and avoid eviction. If you want to support them as well, you can here: https://londonrentersunion.org/donate Here's a central location to donate to bail funds across the US to help people held under America's utterly inhumane system: https://bailproject.org/?form=donate *WEB DESIGN ALERT* Tom Allen is a friend of the show (and the designer behind our website). If you need web design help, reach out to him here:  https://www.tomallen.media/ Trashfuture are: Riley (@raaleh), Milo (@Milo_Edwards), Hussein (@HKesvani), Nate (@inthesedeserts), and Alice (@AliceAvizandum)

Following the publication of What Does Jeremy Think?: Jeremy Heywood and the Making of Modern Britain, Lady Suzanne Heywood joins IfG director Bronwen Maddox for a fascinating discussion about the life and career of the former Cabinet Secretary.Suzanne Heywood discusses her late husband's experiences at the heart of government alongside four prime ministers, his views on the civil service, and how he navigated the uncharted territory of the Brexit referendum and its tumultuous fall-out. With the Greensill saga rocking British politics, she also discusses Jeremy Heywood's thinking behind bringing Lex Greensill into government, and why he believed the private sector can play a vital role in improving the way government works. Suzanne Heywood was married to Jeremy Heywood from 1997 until his death in 2018. She worked as a civil servant in the Treasury and for McKinsey and Company before joining Exor in 2016. The biography What does Jeremy Think?: Jeremy Heywood and the making of Modern Britain, began as a joint effort between Jeremy and Suzanne. It was published earlier this year.Audio production by Candice McKenzie See acast.com/privacy for privacy and opt-out information.

Einem Laien muss man das erst mal erklären: Eine Schweizer Grossbank leiht Milliardenbeträge an den Hedgefonds eines umtriebigen Spekulanten, der sein Tun als Werk Gottes begreift. Dieser verspekuliert sich, sein Geschäft steht vor dem Aus – und für die Credit Suisse endet das Ganze mit einem happigen Verlust von 4,4 Milliarden Franken.Es ist nicht das erste Risikogeschäft der Credit Suisse, das in die Hose geht. Wirtschaftsredaktor Jorgos Brouzos erklärt im Podcast «Apropos», wie ein solcher Fehler (erneut) passieren konnte. Was das mit der Betriebskultur gewisser Grossbanken zu tun hat – und wer nun zahlen muss. 

This week is our ‘News Roundtable' format, where host Chris Wright discusses the week's biggest stories with journalists and decision-makers. In this episode, Chris is joined by John Rentoul, chief political commentator at The Independent; Marie Le Conte, features writer and who focuses on British politics; Simon Fellowes, musician, writer and director; and Marcus Ball, private prosecutor and founder of ‘Stop Lying in Politics.'The discussion begins with reactions to the investigation surrounding Whitehall department access being granted to financier Lex Greensill, claimed to be a ‘senior advisor' to David Cameron.The conversation then moves to whether Boris Johnson's reputation will be damaged following US businesswoman Jennifer Arcuri's allegations of a four-year affair, and if this will be forgotten in the midst of the vaccination rollout success. Lastly, the panel discusses what the future holds for the Labour party, and if Keir Starmer will be the right person to land them a majority.  Together, the guests debate if politicians are being held to account - if there really is equality under the law in the UK, or whether we as the public have given up caring in the wake of a trying year.Created and produced by Podcast Partners: www.podcastpartners.com

The Collapse of Greensill CapitalSoftBank-backed Greensill (a fintech company) lent billions of dollars to companies that included the highly indebted metals conglomerate GFG Alliance, silicon valley Construction Technology company Katerra and West Virginia mining company Bluestone Resources. These loans were packaged into bonds which were sold as a fund by Credit Suisse.Greensill was funded by its own German-based and regulated bank and via Zurich-based Credit Suisse Asset Management. Its main shadow banking operations were in London. German regulators BaFin last month seized control of the bank and filed a criminal complaint alleging balance sheet manipulation. Swiss and Australian officials are asking questions of Credit Suisse. Meanwhile, in the UK, where it has been celebrated as a leading “fintech” and counted former prime minister David Cameron as an adviser, there is little sign of regulatory action. In the lead up to this crisis Lex Greensill and his family took $200 million out of the company.No one knows the precise amount of bad loans involved: Credit Suisse is budgeting for at least $1bn to $2bn; insurance policies covered at least $4.6bn; in July last year insurer Tokio Marine said an underwriter had breached exposure limits by writing coverage for more than $7bn. And no one is sure who will bear the losses. GFG has already defaulted on loans to Greensill. Some of those loans exist within Credit Suisse funds. Those funds have insurance written by the likes of Insurance Australia Group and Tokio Marine. IAG says it has no “net insurance exposure” to Greensill because of “extensive reinsurance” and “agreements with Tokio Marine for it to hold any remaining exposure”. Tokio Marine, in turn, says it also has reinsurance, it may turn to litigation and, anyway, the insurance may not have been valid in the first place. This looming fight between loan originators, securitisers, funds, banks, insurers and investors looks very like the fallout from the 2008 crisis. The lawsuits that followed took up to a decade to resolve and cost tens of billions of dollars. For now, there is little general market turmoil. But it could still get messier. Patreon Page: https://www.patreon.com/PatrickBoyleOnFinancePatrick's Books:Statistics For The Trading Floor:  https://amzn.to/3eerLA0Derivatives For The Trading Floor:  https://amzn.to/3cjsyPFCorporate Finance:  https://amzn.to/3fn3rvC Visit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoylePatrick Boyle On Finance YouTube: https://www.youtube.com/c/PatrickBoyleOnFinanceLinksSupply Chain Financing Patent: https://patents.google.com/patent/US6167385A/enCourt Hearing NSW https://www.caselaw.nsw.gov.au/decision/177f18936157b0e4a1349f9d Support the show (https://www.patreon.com/PatrickBoyleOnFinance)

For years the rise of Lex Greensill, a farmer’s son turned billionaire investor, seemed unstoppable. But now things are falling apart, and the economic carnage threatens the livelihood of an entire town. Today, Rick Morton on the business deal that could cost 7,000 jobs in Australia. Guest: Senior reporter for The Saturday Paper Rick Morton.Background reading: Lex Greensill: Why the green energy backer lost his billions in The Saturday Paper See acast.com/privacy for privacy and opt-out information.