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Greensill Insolvency Cautionary Tale for Indian Fintech-Prof (Dr) Manoj Joshi , Suhayl Abidi , Dr Aseem Chauhan – BW Businessworld

Our memory is short and lessons from the past may not always ward off the doom. This is especially true of the VUCA environment we live in, that is Volatile, Uncertain, Complex and Ambiguous. Repeatedly we witness, overconfident and over enthused entrepreneurs erupting on the business stage with their disruptive but complex business models and snare even the biggest banks in their net. We often see large and established banking icons such has Credit Suisse, which instituted extra sturdy risk management systems after the 2008 financial meltdown, falling prey to being shown a picture of the glorious future where they will earn fat fees and executives amassing obscene bonuses. In their single-minded focus on profits and bonuses, they fail…

Read the full article at: http://www.businessworld.in/article/Greensill-Insolvency-Cautionary-Tale-for-Indian-Fintech/01-05-2021-388372/

Category: BankruptcyBy Insolvency GuardianMay 10, 2021

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Greensill Insolvency Cautionary Tale for Indian Fintech-Prof (Dr) Manoj Joshi , Suhayl Abidi , Dr Aseem Chauhan – BW Businessworld

Our memory is short and lessons from the past may not always ward off the doom. This is especially true of the VUCA environment we live in, that is Volatile, Uncertain, Complex and Ambiguous. Repeatedly we witness, overconfident and over enthused entrepreneurs erupting on the business stage with their disruptive but complex business models and snare even the biggest banks in their net. We often see large and established banking icons such has Credit Suisse, which instituted extra sturdy risk management systems after the 2008 financial meltdown, falling prey to being shown a picture of the glorious future where they will earn fat fees and executives amassing obscene bonuses. In their single-minded focus on profits and bonuses, they fail…

Read the full article at: https://www.businessworld.in/article/Greensill-Insolvency-Cautionary-Tale-for-Indian-Fintech/01-05-2021-388372

Category: BankruptcyBy Insolvency GuardianMay 1, 2021

Post navigation

PreviousPrevious post:Meadows Casino seeks $69000 gambling debt from jailed Greensburg doctor – TribLIVENextNext post:Company Insolvency Statistics: January to March 2021 – GOV.UK

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May 29, 2025
More trouble for Keroche as ex-MD files for liquidation in Sh75m exit payout dispute – Business Daily
May 29, 2025
Husband-and-wife directors of singing waiters firm banned – continued to take payments when company was insolvent – Insider Media Ltd
May 29, 2025
City regulator issues alert over bankrupt podcaster’s former company – The Times
May 29, 2025
‘We will sue him until he goes bankrupt’: Victim’s mother plans to sue ex-actor Ian Fang
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Semry Nears Insolvency as Financial Losses and Unmet Investment Needs Mount
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