Greensill Capital Faces Possible Insolvency After Credit Suisse Suspends Investment Funds – The Wall Street Journal

Specialty finance firm Greensill Capital headed toward a rapid unraveling after Credit Suisse Group AG suspended $10 billion of investment funds that fueled the SoftBank Group Corp. -backed startup. With a key source of financing frozen, Greensill has appointed Grant Thornton to guide it through a possible restructuring, and it could file for insolvency, the…

Catholic organizations seek debt relief to face pandemic crisis – Union of Catholic Asian News

Catholic social justice organizations have again sought debt cancellation and financial support for underdeveloped nations to face the Covid-19 crisis. The global Catholic network for development and solidarity, also known as CIDSE, urged the leading nations to face the health crisis with cooperation and solidarity. In a statement ahead of the virtual G-20 Finance Ministers…