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SoftBank's 'halo effect' loses some of its magic

Greensill collapse raises awkward questions

| Japan
The building that includes the headquarters of defunct Greensill Bank, a subsidiary of Greensill Capital, in Bremen, pictured on Mar. 23: Lex Greensill's startup was based on an old idea.   © Getty Images

Lionel Barber is former editor of the Financial Times. He is author of "The Powerful and the Damned: Private Diaries in Turbulent Times."

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