ABB lends most dollars to small businesses through state loan program in fiscal 2020

ABB lends most dollars to small businesses through state loan program in fiscal 2020

Bloomberg

Credit Suisse’s Greensill Mess spoils CEO Gottstein’s reboot

(Bloomberg) – The rapid dismantling of Lex Greensill’s trade finance empire leaves one of its biggest funders with unpleasant choices. , it is having to choose between knocking out investors of funds with potential losses, or taking the assets on their own books and irritating shareholders and regulators. The bank was drawn even deeper into the scandal when it emerged that it had also made $ 140 million in loans to Greensill, according to a person familiar with the matter. His first…

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