The former co-CEOs of bankrupt lab testing startup uBiome Inc. were charged with securities and healthcare fraud, among other crimes, in an indictment brought by a federal grand jury in San Francisco. …
Read More »Greensill-owned bank declared insolvent, causing losses to small German cities
A German court on Tuesday ruled that a small bank linked to a collapsed British finance company was insolvent, causing losses in dozens of small German cities. Greensill Bank AG was deemed …
Read More »BioNTech recruits rivals to boost Covid-19 vaccine production
The maker of the West’s first Covid-19 vaccine is building a new manufacturing alliance that could put Europe and the rest of the world on a lifeline amid a painful injection shortage …
Read More »Texas grid operator discussed financing with Goldman as power buyers resist payment shortfall
The Texas grid operator has been in talks with financial institutions, including Goldman Sachs Group Inc., about possible financing options to address a deficit of more than $ 3 billion in electricity …
Read More »Greensill Capital falls into insolvency and financial pain spreads
LONDON – Greensill Capital filed for insolvency protection on Monday, according to a person familiar with the company, days after regulators took over its banking unit and Credit Suisse Group AG frozen …
Read More »Electric vehicles are the future of the US auto industry, if dealers can figure out how to sell them
Auto dealer Brad Sowers is spending money to prepare for the next wave of new electric models from General Motors Co. He is installing charging stations, upgrading service bays, and training staff …
Read More »Greensill Capital faces potential insolvency after Credit Suisse suspends mutual funds
Specialist finance firm Greensill Capital headed for a rapid collapse after Credit Suisse Group AG suspended $ 10 billion in mutual funds that fueled the SoftBank Group Corp.-backed startup. With a key …
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