Marion Dakers
@mvdakers.bsky.social
UK finance news and whatever else happens on here. Views are mostly of Cumbrian fells and do not represent Bloomberg News
Reposted by Marion Dakers
Stenn, the Wall St.-backed invoice-finance firm, was owed ~$1b when it collapsed in Dec. 2024. This was supposedly made up of short-term invoices owed by big corps around the world. Yet admins have only tracked down £93m of it so far. Story via @bloomberg.com
Gift link here: tinyurl.com/ycx5ad2j
Gift link here: tinyurl.com/ycx5ad2j
Bulk of Stenn’s $1 Billion Debts Remain Outstanding Amid Probe
Officials overseeing the wind-down of Stenn Technologies, the UK invoice-finance firm backed by Wall Street investors, have recovered about one tenth of the funds owed so far as they continue to probe...
tinyurl.com
January 8, 2026 at 3:44 PM
Stenn, the Wall St.-backed invoice-finance firm, was owed ~$1b when it collapsed in Dec. 2024. This was supposedly made up of short-term invoices owed by big corps around the world. Yet admins have only tracked down £93m of it so far. Story via @bloomberg.com
Gift link here: tinyurl.com/ycx5ad2j
Gift link here: tinyurl.com/ycx5ad2j
Reposted by Marion Dakers
Staff at Stenn, collapsed trade-finance firm, believed they were doing substantial business with large corporations around the world. Yet some of those companies deny a relationship existed.
www.bloomberg.com/news/articles/2024-12-20/key-firms-on-collapsed-stenn-s-client-list-deny-any-relationship
www.bloomberg.com/news/articles/2024-12-20/key-firms-on-collapsed-stenn-s-client-list-deny-any-relationship
Key Firms on Collapsed Stenn’s Client List Deny Any Relationship
Staff at Stenn Technologies, a UK trade-finance firm, believed they were doing substantial business with major counterparties including Japanese corporates, Taiwanese electronics makers and some of Eu...
www.bloomberg.com
December 20, 2024 at 9:34 AM
Staff at Stenn, collapsed trade-finance firm, believed they were doing substantial business with large corporations around the world. Yet some of those companies deny a relationship existed.
www.bloomberg.com/news/articles/2024-12-20/key-firms-on-collapsed-stenn-s-client-list-deny-any-relationship
www.bloomberg.com/news/articles/2024-12-20/key-firms-on-collapsed-stenn-s-client-list-deny-any-relationship
Amazing story (based on an investigation so big that the attributions take up a whole separate story) www.bloomberg.com/news/article...
The Global Fertility Trade: A Story of Extraction, Exploitation and Opportunity
Following human eggs as they’re exchanged across open, gray and black markets — reaping rewards for an extremely high price.
www.bloomberg.com
December 13, 2024 at 1:39 PM
Amazing story (based on an investigation so big that the attributions take up a whole separate story) www.bloomberg.com/news/article...
Reposted by Marion Dakers
Stenn, a supply-chain finance firm backed by Wall St. giants, collapsed after HSBC found multiple potentially fraudulent transactions.
www.bloomberg.com/news/articles/2024-12-10/hsbc-raised-fraud-alarm-that-sparked-collapse-of-fintech-stenn
www.bloomberg.com/news/articles/2024-12-10/hsbc-raised-fraud-alarm-that-sparked-collapse-of-fintech-stenn
HSBC Raised Fraud Alarm That Sparked Collapse of Fintech Stenn
A finance firm backed by several influential Wall Street investors collapsed last week after HSBC Holdings Plc discovered some of the company’s transactions may have been fraudulent.
www.bloomberg.com
December 10, 2024 at 1:09 PM
Stenn, a supply-chain finance firm backed by Wall St. giants, collapsed after HSBC found multiple potentially fraudulent transactions.
www.bloomberg.com/news/articles/2024-12-10/hsbc-raised-fraud-alarm-that-sparked-collapse-of-fintech-stenn
www.bloomberg.com/news/articles/2024-12-10/hsbc-raised-fraud-alarm-that-sparked-collapse-of-fintech-stenn
Lots of reasons why this hasn't sold, but also less than ideal for a big bit of central London to be just empty for ages www.bloomberg.com/news/article...
Priciest UK Mansion Languishes on Market After Qatar Rejection
Qatar sent an engineer to view London’s most expensive home late last year, in hopes that 2-8a Rutland Gate, a mansion overlooking Hyde Park, could be its new embassy one day.
www.bloomberg.com
December 4, 2024 at 12:56 PM
Lots of reasons why this hasn't sold, but also less than ideal for a big bit of central London to be just empty for ages www.bloomberg.com/news/article...
That’s weird, some actual good news about Euston station
Euston station’s big advertising screens turned off after overcrowding fears
Network Rail promises to turn round station after criticism from passengers and watchdogs
www.theguardian.com
October 4, 2024 at 3:39 PM
That’s weird, some actual good news about Euston station