greensill capital is a factory - should we care? greensill i capital is a factory company.lier, and you charge on it. but what greensill capital was doing was on a much bigger scale, individual invoices were being bundled and creating bonds, bonds create a yield, but of course inside those bonds, there are good invoices and bad invoices. if any of this sounds familiar, like the sub—prime mortgage scandal, where they packed up bonds with dodgy mortgages, it is frankly almost exactly the same structure. what has happened now is people who have had their disk invoices waits for future find the money owing me actually —— the money owing me actually —— the people with discounted invoices way back into the future are finding the money owing may not come through. when you explain it like that, justin, we ask why is this happening now when there was a huge, you know, navel—gazing time with regulators, with everyone saying we cannot have these structures because clearly they do not work. yes, when you _ clearly they do not work. yes, when you look _ clearly they do not work. yes, wh

that's right, the reason we are talking about this now is primarily because greensill capital, whichjobs at liberty steel in the balance, and at the moment the future of liberty steel is still uncertain. but it has also raised, as you mentioned, questions about the involvement of the former prime minister david cameron. the sunday times and the financial times reported he had lobbied treasury officials and even texted the chancellor to try and get, unsuccessfully as it turned out, greater access for greensill capital to government backed loans. a lobbying watchdog says he hasn't done anything wrong and government ministers, including the business secretary, have defended his recent activities. but the sunday times also reported that back when david cameron was prime minister he gave what they said was almost unparalleled access to whitehall departments and to government agencies to none other than lex greensill, the man behind greensill capital and labour are calling on the standards watchdog to investigate this. when i spoke to the business secretary kwasi kwarteng earlier, he said

this man's company today went into administration, greensill capital.asi kwarteng, business secretary, had an emergency meeting yesterday with the boss of liberty capital, one of his companies, but what the future held and it is also serious enough that unions are meeting tomorrow with liberty to find out what the threat to uk jobs are. liberty to find out what the threat to ukjobs are. in the liberty to find out what the threat to uk jobs are. in the short term, liberty says we have the money we need, apart from mr greensill but that view is not widely shared, there are grave concerns from unions and tonight the government says it is monitoring the situation very closely. is monitoring the situation very closel . . ~ is monitoring the situation very closel . ., ~ , ., is monitoring the situation very closel . ., ~ ,, ., is monitoring the situation very closel. ., ,, ., ., closely. thank you, simon jack, our business editor. _ malala yousafzai was a school girl when was she was shot in the head by the taliban in pakistan in 2012 for campaigning for girl

and briefly, this raises a lot of questions about greensill capital, how it operated and how it could. gf g. it is a trade financing business — gf g. it is a trade financing business though _ gf g. it is a trade financing business though it - gf g. it is a trade financing business though it has - gf g. it is a trade financing | business though it has some financial difficulty with regards to cash flow and fundamental problems with its business model so it has been on life support for a while and unfortunately it is one of the biggest financiers for liberty steel and as a result it is affected financial.- steel and as a result it is affected financial. good to see one have a _ affected financial. good to see one have a good _ affected financial. good to see one have a good day. - stay with us on bbc news, still to come: the new way of working. how companies try to mix working from home with time in the office. the accident that happened here was of the sort that can produce a meltdown. in this case, the precautions worked, but they didn't work quite well enough to prevent some old fear

today the company is on the brink of administration and without the money coming from greensill capitalny says it has enough funding for its current needs and the government have an emergency meeting with the boss of the steel group yesterday and further meetings are planned and the government today says it is monitoring the situation carefully. but unions are very concerned. simon, thank you. more than 90% of adults said they would have a vaccine when offered it according to the office for national statistics but there is a reluctance among some in ethnic minority groups. around 1 in 6 younger people aged 16 to 29 also reported vaccine hesitancy. with the tokyo olympics and paralympics taking place this summer, athletes and the english institute of sport have been working together to look at every detail of sports health that could give them the edge. as laura scott reports, on international women's day a simple tweak to their clothing could make all the difference to their performance. they've all conquered the world in their respective sports. but have required different skills and d

-- greensill capital. so depositors and creditors get as much money back as possible. federal health officials are urging texas and mississippi residents to keep wearing masks despite the fact that governors are lifting covid-19 restrictions. the centers for disease control and prevention says it is premature to abandoned mitigation efforts and that the virus can still erupt again. here in new york, governor cuomo is speaking to reporters. the governor, and battled in his tenure in the wake of allegations of sexual impropriety. here is governor cuomo. gov. cuomo: i never knew at the time i was making anyone feel uncomfortable. and i certainly never, ever meant to offend anyone, or hurt anyone. or cause anyone any pain. that is the last thing i would ever want to do. i ask the people of this state to wait for the facts from the attorney general's report before forming an opinion. get the facts please before forming an opinion. the attorney general is doing that review. i will fully cooperate with it. then y

. >>> i want to give an update we have been following closely over the last couple of weeks greensill capital is filing for in in insolvency the exposure to gfc is $5 billion the french finance minister said the government will help workers affected by the business's clap. this has been an extraordinary story to follow, and just as we get into the conversation, just to frame the scale of what we're talking about here, greensil said it provided more than $143 billion of financing in 2019 to 10 million customers and suppliers, so we're talking about a company that had huge influence here, and reading one of the articles in the economist out over the weekend, they likened greensil's techniques to those mastered by the slicers and dicers of mortgages, drawing a comparison to what we saw that drove the global financial crisis over a decade ago >> well, this is why you're hearing some of the regulators pipe up, and say, look, we want to get a full disclosure of how much exposure banks have to greensil ecb yesterday said they're looking to ask banks to disclose their whatever position that is they h

are you saying that if this company, greensill capital, i journalism.ssed under david cameron�*s government back in 2014 isjust david cameron�*s government back in 2014 is just not fit for purpose. i appreciate you are saying there is a loophole, but i suppose people listening might say it is in your interest to flag this up because at the end of the day you want people to pay you to lobby on their behalf. would that be fair? my response to that would be 95% of the lobbying that would be 95% of the lobbying thatis that would be 95% of the lobbying that is taking place and people cannot see unless there is a piece of investigative journalism. cannot see unless there is a piece of investigativejournalism. in cannot see unless there is a piece of investigative journalism. in a democratic and open society, is that right? yes, people can come and lobby with me and my business, but they can go and lobby themselves. to my mind we need a register of lobbying and lobbying activity, rather than a register of lobbyists. can i take one step back, we are lobbying ar

the greensill. capital meltdown continues.ction to tokyo borrowing, overseas from the postponed olympic games. trade date it will be in focus, expert numbers for the first 20 days of the month are due later today. kia motors are holding their agm monday. plus exclusive insights from our exclusive interview with the defense mentor who held talks with his counterpart next week told bloomberg they consider japan what of its crucial partners. >> our u.s. counterparts had no particular request or demand and delivered their stance as we delivered hours. i believe south korea's new southern policy is based on openness, transparency and inclusiveness, coinciding with the u.s. into pacific strategy. we explain the dialogue we have in having the chinese military counterparts, in setting up a hotline to continue communication regarding flying into the korean air defense zone and how we are discussing and taking action on that matter. there is the matter of history related issues. we feel korea-japan relations are needed, in terms of defe

left with billions of pounds worth of debt, due to the collapse of financial services company, greensill capitalubled" business empire of sanjeev gupta. and finally, the daily express is reportiting on a uk trade deal with the united states, which it says will bring "wealth to every corner of our nation". so that's a little taster of some of the front pages. let's begin, lovely to see you both. as you kick us off with a front desk the front page of the times, "britain set a jack of all adults by earlyjune." the times, "britain set a “ack of all adults by early june.'_ the times, "britain set a “ack of all adults by early june.�* what the times is saying — all adults by early june.�* what the times is saying is _ all adults by early june.�* what the times is saying is that _ all adults by early june.�* what the times is saying is that every - all adults by early june.�* what the times is saying is that every adult| times is saying is that every adult in the uk will have been offered at least one jab by the 10th ofjune, and this in some ways ties in with the front story of the telegraph about the

financial times writes former prime minister david cameron lobbied the government to increase greensill capital'ste—backed covid—i9 loan schemes — months before the finance company collapsed. the paper notes that mr cameron's alleged lobbying attem pts were u nsuccessful. soap, lots of papers to get through, and lots of stories. the main story dominating is the oxford astrazeneca vaccination, and now that you also arejoining the uk regulatory bodies in saying that it is safe. interestingly, actually, lord jones, let's start with you, both the prime minister and the french prime minister and the french prime minister will be having this particularjob tomorrow. particular “ob tomorrow. yes, i think particularjob tomorrow. yes, i think actually _ particularjob tomorrow. yes, i think actually in _ particularjob tomorrow. yes, i think actually in the _ particularjob tomorrow. yes, i think actually in the daily - think actually in the daily telegraph, it's quite nice. if you see where they are coming from, here is a newspaper, this is a paper review, and if you look at the way that the telegraph, their

the steel—maker employs 5,000 people and has been in trouble since its backer, greensill capital, went called for calm to allow an incident where a teacher showed pupils a cartoon depicting the prophet muhammad to be properly investigated. there were angry protests outside the school on thursday and a further protest on friday. the school has suspended the teacher and started an investigation, but parents, including some of muslim pupils, say the protests and threats against the school are unhelpful. any and all such threats to the school and staff involved undermine our efforts and are completely contrary to our values as concerned parents, citizens and muslims. we therefore call for calm, to allow further fruitful dialogue and a space for a transparent investigation to be undertaken. salvage teams trying to free the giant cargo ship still blocking the suez canal are hoping tonight's high tide, as well as more tugs and dredging, will dislodge it. with hundreds of vessels stuck either side of the ship, egypt's president says they should prepare to lift containers off in order to lighte

struggling reading -- struggling greensill capital has filed after key investors want to weigh, creditbillion are plunge from greensill. >> the administrator of greensill in australia. wish offering a revenue forecast escorted that beats expectations bark concerns about customer growth linger. the parent context logic says this quarter will range from 73 5-7 $15 million, 10% about -- -- 735 million-700 $50 million, with millions of shoppers in the u.s. and europe. rishaad: covering the markets and gyrations we have been this morning, what a ride. still to come we hear from dbs group ceo gupta, about the surge in yields, further market corrections and the drama that is bitcoin as well as u.s.-china diplomacy, a wide-ranging interview you do not want to miss. and counting down to the start of the equity trading day in mumbai joined by the hindustan petroleum chairman and the managing chairman, discussing india's dependence on middle east crude oil and how the country can't meet its green energy goals. also -- how the country can meet its rain energy goals. looking to the start of trading

sree: apollo is still in talks with greensill capital to take over its operating business. the same time, greensill has filed or is contemplating insolvency proceedings in the u.k., so there seems to be a parallel. from all of our reporting, it does appear that the apollo deal is on track. that is something that is expected. we expect to hear something about how that is proceeding in short order in the next day or two. guy: thanks for the coverage. it has been fascinating reading what has been going on. absolutely amazing once you start digging in. sree vidya bhaktavatsalam, thank you. we are heading toward the end of the day here in europe. the ftse, dac, all trading higher. we also have a few corporate earnings to get into as well. we will do that in just a moment. the european closes coming up next. this is bloomberg. ♪ it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? delegating? oh, good one. move

we are working with the administrators of greensill capital, and we are focused to get as much moneyrallel to that come our board has put in place an investigation whether there were shortcomings in the first or second line of defense. it is too early to talk about that. clearly it is an evolving situation, but i am confident that we will come out stronger from this episode. it is a learning process. we will take asset management out and have its own division with first and second line divisional support that it needs. >> let's talk about the magnitude of the financial hit you may well have. how many teams do you think you will get back. what ultimately will investors be left with, and how much will you be left with to carry the burden? how much of it is insured? >> we cannot comment on that at this stage. otherwise, we would have communicated already. but you are absolutely right, we already had a strategic review of the asset management business. i was never a big fan of the fact that asset management was part of iwn, and this greensill situation has now accelerated what i was plan

david cameron's dealings with the businessman lex greensill, and his financial services company, greensill capital." all three heads of the armed forces in brazil have resigned together in protest at what they see as an attempt by president bolsonaro to exert undue control over the military. it comes amid a growing political crisis in brazil after mr bolsonaro was forced to reshuffle his cabinet after his foreign minister and his defence minister stepped down in quick succession. the real impact of lockdown and the pandemic on our mental health is onlyjust starting to emerge — according to experts. the royal college of psychiatrists says that social isolation, loneliness, stress, anxiety and bereavement are all factors that have led to an increase in workload for mental health services in the last year. it's just one of a series of warnings about the impact of the pandemic and the long term consequences for the nhs. our health editor hugh pym reports from portsmouth. good boy. charlotte is enjoying the final weeks of her maternity leave with her ten—month—old son ethan, but life in lockdown has be

we are working with greensill capital. we are 100% focused to get as much money back as possible.ier to that, we are investigating whether the shortcomings in the first or second line of defense is too early to talk about. clearly, it is an unusual situation. but i am actually confident that we will come out stronger from this episode. it is a learning process. we have announced we will take asset management out of i w m and put it under leadership. we will directly report -- they will directly report to me with their own division, divisional support that it needs. thomas: thomas: let's talk a little bit about the magnitude of this financial hit. what ultimately will investors be left with, and how much will you be left with to carry the burden? how much of it is insured? thomas: we cannot comment on that at this stage. you have to understand, otherwise we would have communicated it already. but you are absolutely right. we already have that view of the business. i was never a big fan of the fact that asset action was part of it. this retail situation has accelerated what i was pl

greensill capital has filed for chapter 11 bankruptcy protection in new york capping a stunning collapseply chain finance company. our finance reporter joins us. this greensill saga has been going on for weeks. what does today's filing mean? >> today, they filed for chapter 11 bankruptcy in the u.s. for their american unit, so that is the smallest part of the business. they filed for protection in australia and the u.k. in the u.s., they owe about $50 million to $100 million. rishaad: it has done some damage to credit suisse, and more revelations are coming out as to how much. what is the latest? >> credit suisse now has a special crisis committee looking into this. they are looking into the ceo and they are reviewing -- their dealings with them. they are looking into conflicts of interest and what the relationship was. we think the ceo's position is not threatened by that, but there is obviously a lot more to come a. -- come out. haslinda: do we know how much the company owes? >> in australia, they had a creditor meeting earlier this month, and from that we know that they owe about $1.3

according to "the financial times," green silk capital -- greensill capital has filed for administrationa british court. court documents say greensill is in financial distress and can no longer pay its debt. that is your business flash. guy: thank you very much, indeed. some rather grim news coming, as anticipated come out of italy. the country passing 100,000 covid related deaths. we knew this news was coming. still, the shock of seeing it on a screen absolutely enormous. the ftse it guy: 30 seconds until the end of regular trading in europe. what a session it is turning out to be. european equities are flying. we are seeing those areas, cars and banks, doing well. the stoxx 600 up 1.2%. climbing throughout most of the day and we are at session highs towards the end of the day. the legacy from asia not very good. this is worth bearing in mind. as we came out of the session today in asia, chinese markets negative. this is what europe had to contend with. this is the one-month chart, down nearly 9%. the selling continues with a negative three session today for the csi. a negative legacy.

financial times claims former prime minister david cameron lobbied the government to increase greensill capital's—backed covid—19 loan schemes — months before the finance company collapsed. the paper notes that mr cameron's alleged lobbying attem pts were u nsuccessful. so, lots of different stories, but most of the papers leading on and focusing on the astrazeneca, the oxford astrazeneca vaccination and, henry, let's start with you this time, because the uk's regulatory body, the nhra also is saying that it's safe and that borisjohnson will be having it later on friday. that's right. the authority and boris himself, the prime minister, very keen to shore up what appears to be a slightly wobbly attitude in some quarters about the astrazeneca. it's been rubbished by a series of european leaders to the extent that they cannot give away the vaccines that they have got, despite the fact that they have got, despite the fact that they have got, despite the fact that they are threatening blockades and legal action to get more astrazeneca in. we have seen the 10% no—show rate has emerged this week as a r

left with billions of pounds worth of debt due to the collapse of financial services company greensill capital "troubled" business empire of sanjeev gupta. a new trade deal with the united states is on the horizon, which will bring "wealth to every corner of our nation". that's according to the front page of the express. the telegraph says everyone over a0 should be offered their first covid vaccine by easter thanks to a "bumper boost" in supplies which will double current stocks. and finally, the times is also leading with vaccines, reporting that all adults will have had at least one jab by the 10th ofjune. so, let's begin. those are the front pages. great to have you back. britain is set to jab all adults by earlyjune, the front page of the times. this all adults by early june, the front page of the times.— page of the times. this is great news and it _ page of the times. this is great news and it is _ page of the times. this is great news and it is a _ page of the times. this is great news and it is a success - page of the times. this is great news and it is a success story. i page of the

greensill capital, which counts former prime minister david cameron among its advisers, has been providing standing down from labour's shadow cabinet. emma hardy was appointed as the shadow further education and universities minister last year after sir kier starmer was elected as the new labour leader. she is standing down to focus on her constituency work. john kerry is in london to discuss climate action. it is part of a three day visit to europe to strengthen global ambitions before major climate meetings later this year. nazanin zaghari—ratcliffe felt "euphoric" after the end of herfive—year sentence in iran, but her husband says that the prospect of fresh court proceedings means the "jeopardy" over her future freedom remains. hopes were raised yesterday that the british—iranian's ordeal was reaching the "endgame" after being released from house arrest and having her ankle tag removed. her husband, richard, has been speaking to the bbc, after delivering a petition to the iranian embassy in london. i thinkjust the joy of being able to is great and speaking to her, speaking to my mother

consultant lobbyists investigated mr cameron after reports he contacted the chancellor on behalf of greensill capitalne of the schemes set up by the government to help companies during the pandemic. the government has released its daily update on coronavirus figures. it shows another 6,187 people have tested positive for the virus, and 70 people have died within 28 days of a positive coronravirus test result. the vaccination programme has now seen more than 29.3 million people receive their first jab. coronavirus infection rates are no longer falling and have begun to level off. the latest official estimates are that one in 330 people had the virus last week. the uk's r, or reproduction number, has risen slightly: it's now estimated at 0.7 to 0.9. it comes as wales prepares to end travel restrictions within its borders for the first time since december. katharine da costa reports. mass testing in schools is helping to reduce some of the risk of passing on the virus without knowing it. but inevitably, opening up will see more cases. there are signs infections are rising in secondary schools, but it's

greensill capital filed for administration the u.k.rs walked away over concern about asset valuation and the london court is considering a winding up petition by credit suisse squeezing and unraveling $10 billion of funds of greensil products. coming up, ark investor cathy wood, is still buying the tesla dip, our interview next. this is bloomberg. ♪ some breaking news when it comes to australia. australia bank business confidence and condition survey. february coming in at 15, much better than the previous month of seven. business confidence comes in at 16. much better than the rating of 10 in january. a turnaround and a rising confidence levels getting higher in february. 16, the highest level since early 2010. gains across all states and industries except retail. business conditions to return to multi-year highs. overall, strong conditions being seen by the business confidence surveys. what are you watching? >> market reaction muted with the aussie dollar trading nearly one month low. a near-term risk that the march forecast, seeing

credit suisse is racing to contain the widening fallout from the collapse of greensill capital.wing prospect of default in the $10 billion group frozen funds. credit suisse is withholding bonuses from other top executives, and is also overhauling the unit at the center of the saga. clearly something that is having an impact on many businesses globally. some of them european. joining us now in conversation, jose manuel campo, european banking chairman. different topics to cover, but i want to talk about your response to what we see with greensill. do european -- do european banking regulators review what is happening a greensill at all? jose: the situation -- there are many important decisions. in the moratorium was lifted this week, and i feel progress is being made, a very important aspect. to be aware of when they happen, why they happen, is important for the future. anna: does this expose any -- we have a u.k. firm operating in a u.k. bank, with a swiss mutual fund. is this a complexity in terms of how it rubs up against the european regulator apparatus? jose: i think it show

anna: credit suisse ceo thomas gottstein on the collapse of greensill capital and why he is considering spinning out the asset management unit. we will bring you that conversation later in our show. next, german chancellor angela merkel six another month-long lockdown as cases rise. will the prolonged restriction -- what will this mean for the economy? we discuss with the senior portfolio manager with seg. portfolio management if you have questions for our guests, please send them to us. this is bloomberg. ♪ >> we are going to see an extremely strong year, and i think that strong year will be the prices. inflation is not a one-year phenomenon. anna: thomas barkan weighing in on the inflation debate. he also said he does not see worrying inflation now, but he made the point that was interesting, the inflation conversation is not a one-year phenomenon. this is multiyear, as if the fed is bracing for something more prolonged than a temporary spike in inflation this year. mark: i think that message was meant as a dovish statement. i think it was the point that we might see some point prices

concerns over the future of the company have grown after its main financial backer, greensill capitalhe metropolitan police did not act swiftly when her daughters were reported missing. she was later told police had taken selfies with their bodies. mishal husain has been speaking to her. they were dancing in the fields with lights and just having a real good time. and we never, ever, spoke to them again. bibaa henry was celebrating her birthday on a june evening last year. her sister nicole smallman was with her in a london park. a search by friends found their bodies two days later. the family's trauma was compounded when they were told of allegations against officers at the crime scene. they had seen one of their colleagues, a police officer, taking selfies with our girls. and he'd notjust taken the photograph, but he'd sent it on further. allegations against the police in relation to the case are still being investigated. the commissioner, cressida dick, told us she recognises that trust in the met among some black communities is still too low. she's very sorry about that and it's

cameron, saying the former prime minister did absolutely nothing wrong in his dealings with greensill capitalthan five years ago, i think that's absolutely right for them to do that. i am not in a position to rake up what was going on within whitehall five or six years ago. what i have focused on is trying to make sure that we can reopen the economy and, as you say, build back better. but if the committees want to look at that behaviour, that's up to them. we can talk now to sir alastair graham, former chairman of the committee on standards in public life. what do you make of this particular case? it is a strange affair, when mr cameron had identified a possible parliamentary scandal, been lobbying, and then he himself was involved in lobbying, yet did not satisfy the arrangements that he had set up for a register of lobbyists. i know the registrar said there was nothing wrong here. but that is only on a technicality. there is an in—house employee. tbts on a technicality. there is an in-house employee.- on a technicality. there is an in-house employee. as part of the roblem in-house employee.

greensill bank. it adds to the trouble facing green silk capital, which we are told is filing for insolvency to try tochange in a row is cutting its investment pool at its bank by 20%. bloomberg sources say socgen's market unit saw even bigger reductions with some equity derivative traders facing about is cut -- facing a bonus cut of more than 8%. london is betting the changes that supercharge shares will help draw big ipos to the city after brexit. delivery was founded in 2013 -- deliveroo was founded in 2013. anna: coming up on today's agenda, things you need to know about today, opec is holding a -- opec-plus is holding a ministerial meeting taking place via videoconference. we see upward momentum to the oil price this morning. the group is looking poised to agree to a production increase as it seeks to curb a rapid rally in crude prices. our being a commodity super cycle? -- are we in a commodity super cycle? that is part of the conversation. that takes place at 1:00 p.m. in the u.s., we will find out if the downward trend we are seeing is continuing, and that is at 1:30 london time. finally, we w

particularly jarring coming on the heels of the whole greensill episode, as well as some losses in their investment unit earlier this year from another hedge, york capital. what we are seeing on the bank side is that this will probably run a little bit longer as they act point of damage.npoint alix: is it because european banks have different leverage models than the u.s. banks? or where the derivatives different? what went so wrong for credit suisse or nomura in this case? sree: it all has to do with at what point in the cycle they started to get out, and when people were able to unwind their exposures. it does look like deutsche bank came out with a statement not too long ago saying that they did d some of their portfolio and it seems like they did have exposure at some point, which they managed to hedge somehow. so the question is more a question of at what point in the cycle did they start to unwind and minimize their exposure to these positions. thank you so much. really good round up. joining us now is then topol -- is -- what is going on with credit suisse risk management right now? guest: that is a big question investors are asking themselves af

the softbank capital, the news yesterday overnight, now we are starting to learn within the last few minutes that greensillring talks with another financial institution, which looks like it is going to be providing some sort of financing for the group. we will wait and see exactly which way this goes, but it does look as if we are going to be seeing the majority of clients to be funded in the same way as we are talking about here with this new financial backing coming through. basically, this is going to be providing finance for the bulk of clients of this business. the other story is that goldman sachs' chief lawyer has now departed. this is starting to rack up now. a number of senior exits over the last few days. now the chief lawyer. alix: the chief lawyer eric lane, and the two executives really instrumental in markets, going to walmart. this is right after bonus season, so a lot of this is the reshuffling of wall street, but nonetheless, these are big names and big titles being lost. guy: absolutely. karen seymour is the person we are talking about here. i don't know where she is going, but it is goin

say green silk capital plans to sell part of its business to apollo backed athenian holding have been derailed. we are told the deal is now unlikely. losing the tech supplier makes greensilltive target. citigroup, locking them from certain debt offerings. bloomberg says it is choosing not to invite the money managers. city is still on the hook for wayward cash. disney's flagship screen -- flagship streaming service has over one million users. it is quickly establishing itself as the competitor to netflix which has over double the amount of subscribers. now targeting more than 100 new titles per year. anna, can we assume you are now one of those new disney plus customers? anna:anna: you never know. someone in my household, perhaps. on the program, hospitals, jails, and carmakers. tesla among the victims of a massive security act. the details, next. this is bloomberg. ♪ >> i think the relationship between bitcoin prices and the tech market is very close. watch that indicator. i think bitcoin prices go down, the tech stocks will be hit badly. anna: welcome back to the european market open. 22 minutes into a trading session that looks fairly mixed, flat. that is what we see i