UBS Commits to Substantial Payout to Compensate Investors for Greensill Capital Losses

Monday, 17 June 2024, 21:01

UBS announces plans to absorb a £700 million hit as it promises to repay 90% of the losses incurred by investors tied to the collapse of Greensill Capital. The collapse of Greensill Capital, founded by financier Lex Greensill, triggered by Tokio Marine's decision not to renew its main insurance policy, has prompted UBS to take significant financial responsibility.

Daily Mail — UBS Commits to Substantial Payout to Compensate Investors for Greensill Capital Losses

UBS Commitment to Investors

UBS pledges to repay 90% of Greensill Capital losses, amounting to a substantial £700 million.

Collapse of Greensill Capital

The collapse was initiated by Tokio Marine's refusal to renew the key insurance policy, leading to financial turmoil.

Responsibility Assumed by UBS

UBS takes on a significant financial burden to compensate investors affected by the Greensill Capital fallout.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

UBS Commitment to Investors

Collapse of Greensill Capital

Responsibility Assumed by UBS

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