Before First Brands, Tricolor and 777 Partners as well as the frauds at Merchants Bank, Zions, and Western Alliance along with the alleged fraud ring in Baltimore there was Greensill Capital. In March 2021, Greensill Capital, the UK-based leading supply chain financing provider, with 16 offices across the world, filed for insolvency. Less than two years earlier, Greensill had received a $1.5 billion investment from SoftBank’s Vision Fund, valuing the company at $3.5 billion. Greensill's lending was considered risky due to its reliance on lending against future, not yet generated, invoices, which was riskier than traditional supply chain finance. Many of the loans were made to companies that later proved unable to repay. This practice, combined with a high concentration of exposure to specific clients like Sanjeev Gupta's GFG Alliance, made the company vulnerable when a key insurer declined to renew coverage for the loans October 15, 2025 Credit Suisse on Wednesday lost its $440 million London lawsuit against Japan’s SoftBank Group Corp. over losses linked to collapsed finance firm Greensill Capital. Greensill’s collapse made Credit Suisse close $10 billion of funds linked to the financial firm and, along with other scandals, led to the 2023 state-backed rescue of the 167-year-old Swiss bank by rival UBS Group. -reuters #cracksincredit