Jack Sidders
@jacksidders.bsky.social
Investing news for Bloomberg in London. Real estate, hedge funds, private equity, asset management, insurance
Reposted by Jack Sidders
Creditors of Stenn - the Wall-Street backed trade-finance firm - are staring at potential losses of ~$200 million after two of its subsidiaries collapsed last month. Story via @bloomberg.com
www.bloomberg.com/news/articles/2025-01-30/creditors-of-wall-street-backed-stenn-face-near-200-million-hit
www.bloomberg.com/news/articles/2025-01-30/creditors-of-wall-street-backed-stenn-face-near-200-million-hit
Creditors of Wall Street-Backed Stenn Face Near-$200 Million Hit
Creditors of Stenn Technologies, the trade-finance firm backed by some of the world’s biggest banks and investors, are facing a potential shortfall of almost $200 million in the wake of its collapse l...
www.bloomberg.com
January 30, 2025 at 2:14 PM
Creditors of Stenn - the Wall-Street backed trade-finance firm - are staring at potential losses of ~$200 million after two of its subsidiaries collapsed last month. Story via @bloomberg.com
www.bloomberg.com/news/articles/2025-01-30/creditors-of-wall-street-backed-stenn-face-near-200-million-hit
www.bloomberg.com/news/articles/2025-01-30/creditors-of-wall-street-backed-stenn-face-near-200-million-hit
Reposted by Jack Sidders
How did Stenn - a UK trade-finance darling backed by Wall Street giants that was valued at $900m just two years ago- collapse few days? Here is our attempt to explain via @bloomberg.com.
www.bloomberg.com/news/articles/2025-01-09/how-fintech-stenn-went-from-trade-darling-to-insolvency-in-days
www.bloomberg.com/news/articles/2025-01-09/how-fintech-stenn-went-from-trade-darling-to-insolvency-in-days
UK Trade Darling Stenn Went from $900 Million to Insolvency in Days
British financing firm that was backed by Barclays, Citi, Centerbridge and Natixis imploded last month.
www.bloomberg.com
January 9, 2025 at 10:01 AM
How did Stenn - a UK trade-finance darling backed by Wall Street giants that was valued at $900m just two years ago- collapse few days? Here is our attempt to explain via @bloomberg.com.
www.bloomberg.com/news/articles/2025-01-09/how-fintech-stenn-went-from-trade-darling-to-insolvency-in-days
www.bloomberg.com/news/articles/2025-01-09/how-fintech-stenn-went-from-trade-darling-to-insolvency-in-days