Greensill’s Overnight Downfall Was Many Months in Making
- Firm founded by Lex Greensill to start U.K. insolvency process
- Insurance lapse, BaFin probe threaten sources of funding
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From the outside, 2020 was bringing validation to the idea behind Lex Greensill’s financial empire.
His eponymous firm was seeking funds at a lofty valuation with the pitch that the pandemic laid bare small suppliers’ need to be paid quickly.