rob smith: Do you think other supply chan finance companies, like green sill could be in similar circumstances? I think itis an excellent question. The problem is when supply chain finance fa ties are withdrawn from companies, it can create an effect a bit like a bank run, but on a company. For very big companies, they won't only have greensal as their provider. It'll be one of many. But if you're a company that only had greensal as your provider, you could be in trouble.
Democratic leaders have reached a compromise on a deal that would limit who is eligible for $1,400 stimulus cheques. Plus, the FT’s capital markets correspondent Robert Smith unpacks the rapidly unfolding saga behind Greensill Capital and why the supply chain financier is on the verge of filing for insolvency.
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