FT News Briefing A year after Greensill Capital’s collapse
Apr 18, 2022
The podcast dives into the hidden struggles of those affected by long COVID, revealing how it impacts job performance and contributes to labor shortages. It also unpacks the downfall of Greensill Capital, highlighting the founder's misleading practices and overblown claims about financial stability. The discussion extends to the legal repercussions that followed and the possibility of the founder making a comeback in the finance world. Insights provided are essential for understanding both public health and economic implications.
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Varied Long COVID Experiences
- Some long COVID patients can only leave the house once a week for a short walk.
- Others experience cognitive issues like difficulty with memory and concentration.
Long COVID's Impact on Labor
- Long COVID is potentially contributing to labor shortages in the US and UK.
- Many sufferers have left work, reduced hours, or changed jobs, often discreetly.
Greensill Capital's Downfall
- Greensill Capital specialized in supply chain finance.
- After the FT exposed its flawed model, backer Credit Suisse froze its assets, leading to Greensill's unraveling.