West Virginia Gov. Jim Justice confirmed on Tuesday that he is personally liable for $700 million in loans taken by his coal companies from a lender in the United Kingdom that went bankrupt.
Greensill sold the loans to investment funds managed by Credit Suisse Group AG, which froze the funds in March and is in talks with Justice’s Bluestone Resources Inc. and other borrowers to get paid, the Journal reported.
Bluestone sued Greensill, a supply chain finance firm, after it went under in March over allegations of fraud.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple Orders ‘The Big Door Prize’ TV Adaptation From ‘Schitt’s Creek’ Producer David West Read“Schitt’s Creek” Emmy Award-winning producer David West Read will adapt M.O. Walsh’s novel “The Big Door Prize” for the silver screen. Apple announced the series…
Read more »
West African bloc suspends Mali over coup, but no new sanctionsWest African regional bloc ECOWAS on Sunday suspended Mali's membership in response to last week's coup and said authorities must stick to a timetable for a return to democracy, but stopped short of imposing new sanctions.
Read more »
Dangerous heat wave hits the West as Atlantic gears up for hurricane seasonThe first widespread heat wave of the year is enveloping in much of the West, while the relentless rain and chilly temperatures that took over the Northeast for much of Memorial Day weekend will soon be over. FULL FORECAST:
Read more »
Heat wave pounds the West: Over 100 degrees forecast for California, Oregon, Arizona, NevadaA heat wave is pounding the West where scorching temperatures will reach Washington state, Oregon, California, Nevada, Utah and Arizona on Tuesday. Redding, also in Northern California, reached a sweltering 109 degrees on Monday, breaking the record for the entire month of May. On Tuesday temperatures are expected to climb to 107 degrees in Bakersfield, California; 105 degrees in Las Vegas; 104 degrees in Medford, Oregon; and 104 degrees in Phoenix.
Read more »
Heat wave pounds the West: Over 100 degrees forecast for California, Oregon, Arizona, NevadaA heat wave is pounding the West where scorching temperatures will reach Washington state, Oregon, California, Nevada, Utah and Arizona on Tuesday.
Read more »
Giants continue to loom large in NL West race after third win in a row over DodgersThe Dodgers' path to a ninth consecutive NL West title has become more treacherous than expected with the Giants joining the Padres as a threat.
Read more »