![The Simple Problem That Sank Greensill’s Complex Financial Empire](/summary-img/43625-KTOTK2EW.jpg?h=M&b=0)
Article
The Simple Problem That Sank Greensill’s Complex Financial Empire
Bloomberg Businessweek ,
2021
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Recommendation
Greensill Capital’s story sounded too good to be true – and it was. Claiming its advanced technology could evaluate a business borrower’s future viability as a going concern, the firm ventured into uncharted lending territory. But it ended up crashing and burning. Journalists Lucca De Paoli and David Rocks report on this cautionary tale of a fintech pioneer’s meltdown and the ruins of its entanglements.
Summary
About the Authors
Lucca De Paoli and David Rocks are reporters at Bloomberg Businessweek.
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