Jesse D. Garrabrant/Getty Images The Toronto Raptors are headed to the Eastern Conference Finals in stunning fashion. With the game tied and four seconds remaining, Kawhi Leonard dribbled to the corner and unleashed a shot over multiple defenders. It hung on the rim for seemingly forever until it dropped in to give the Raptors a 92-90 victory over the Philadelphia 76ers in Game 7 of their second-round series. Video Play Button McCollum and the Blazers Snapped Postseason Losing Streak for "Jennifer" Stars Invest in Plant-Based Food as Vegetarianism Sweeps NBA The NBA Got Some Wild Techs This Season Jarrett Allen Is One of the NBA’s Hottest Rim Protectors Wade's Jersey Swaps Created Epic Moments This Season Westbrook Makes History While Honoring Nipsey Hussle Devin Booker Makes History with Scoring Tear 29 Years Ago, Jordan Dropped Career-High 69 Points Bosh Is Getting His Jersey Raised to the Rafters in Miami Steph Returns to Houston for 1st Time Since His Moon Landing Troll Lou Williams Is Coming for a Repeat of Sixth Man of the Year Pat Beverley Has the Clippers Stealing the LA Shine LeBron Keeps Shredding NBA Record Books Young's Hot Streak Is Heating Up the ROY Race with Luka LeBron and 2 Chainz Form a Superteam to Release a New Album Wade's #OneLastDance Dominated February Warriors Fans Go Wild After Unforgettable Moments with Steph Eight Years Ago, the Nuggets Traded Melo to the Knicks Two Years Ago, the Kings Shipped Boogie to the Pelicans ASG Will Be Competitive Again If the NBA Raises the Stakes Right Arrow Icon Leonard finished with 41 points on 39 shots, while Serge Ibaka (17 points and eight boards), Pascal Siakam (11 points and 11 rebounds) and Kyle Lowry (10 points, six assists, six rebounds and two steals) provided support. All five Philadelphia starters scored in double figures, including Joel Embiid (21 points, 11 rebounds and three blocks), but nobody could match Leonard's heroics. Raptors Need Secondary Stars to Step Up Video Play Button McCollum and the Blazers Snapped Postseason Losing Streak for "Jennifer" Stars Invest in Plant-Based Food as Vegetarianism Sweeps NBA The NBA Got Some Wild Techs This Season Jarrett Allen Is One of the NBA’s Hottest Rim Protectors Wade's Jersey Swaps Created Epic Moments This Season Westbrook Makes History While Honoring Nipsey Hussle Devin Booker Makes History with Scoring Tear 29 Years Ago, Jordan Dropped Career-High 69 Points Bosh Is Getting His Jersey Raised to the Rafters in Miami Steph Returns to Houston for 1st Time Since His Moon Landing Troll Lou Williams Is Coming for a Repeat of Sixth Man of the Year Pat Beverley Has the Clippers Stealing the LA Shine LeBron Keeps Shredding NBA Record Books Young's Hot Streak Is Heating Up the ROY Race with Luka LeBron and 2 Chainz Form a Superteam to Release a New Album Wade's #OneLastDance Dominated February Warriors Fans Go Wild After Unforgettable Moments with Steph Eight Years Ago, the Nuggets Traded Melo to the Knicks Two Years Ago, the Kings Shipped Boogie to the Pelicans ASG Will Be Competitive Again If the NBA Raises the Stakes Right Arrow Icon It is a testament to Leonard's individual brilliance that he stuffed the stat sheet with 41 points, eight rebounds, three assists and three steals even though Jimmy Butler and Ben Simmons made his life incredibly difficult throughout the game. They swarmed him from the start, forcing him into contested looks and creating situations in which secondary defenders could run at him right before he unleashed one of his head-turning 39 field-goal attempts. Toronto traded for Leonard with moments like Sunday's buzzer-beater in mind, but it will need far more than him forcing the issue against the Milwaukee Bucks. Lowry was second on the team with a mere 13 field-goal attempts, and there were far too many possessions during which the rest of the team stood around hoping Leonard would bail everyone out. That is exactly what he did, but doing so against a Bucks squad that was No. 1 in the league in defensive rating, per NBA.com, will be far more challenging. Milwaukee is more primed than any team in the league to deal with Leonard. It can put Giannis Antetokounmpo on him during crunch time, which limits the need for help because of the athleticism and wingspan the potential MVP brings to the table. He can cut off driving lanes with his lateral speed, challenge shots at the rim as a shot-blocker and contest perimeter jumpers. That is a problem for a Raptors supporting cast that was inconsistent at best for much of the Philadelphia series. Nobody except Leonard, Siakam and Lowry scored more than five points in a Game 2 loss. What's more, Siakam and Leonard were the only ones with more than 13 in either the Game 3 or Game 6 losses. Everything revolved around Leonard's ability to generate offense. He either drove the lane and finished through contact, pulled up from mid-range or three when given too much space or kicked out when defenders collapsed. Those looks won't be there in the next round if Antetokounmpo is minimizing the need for help. There were plenty of reasons for optimism during Sunday's game, though, even if Leonard was doing the heavy lifting. Ibaka and Marc Gasol both hit critical three-pointers early in the fourth quarter to keep momentum while Leonard was resting, and Lowry challenged the narrative about his inability to come through in the playoffs by making many of the winning plays in a pressure-packed Game 7. Video Play Button McCollum and the Blazers Snapped Postseason Losing Streak for "Jennifer" Stars Invest in Plant-Based Food as Vegetarianism Sweeps NBA The NBA Got Some Wild Techs This Season Jarrett Allen Is One of the NBA’s Hottest Rim Protectors Wade's Jersey Swaps Created Epic Moments This Season Westbrook Makes History While Honoring Nipsey Hussle Devin Booker Makes History with Scoring Tear 29 Years Ago, Jordan Dropped Career-High 69 Points Bosh Is Getting His Jersey Raised to the Rafters in Miami Steph Returns to Houston for 1st Time Since His Moon Landing Troll Lou Williams Is Coming for a Repeat of Sixth Man of the Year Pat Beverley Has the Clippers Stealing the LA Shine LeBron Keeps Shredding NBA Record Books Young's Hot Streak Is Heating Up the ROY Race with Luka LeBron and 2 Chainz Form a Superteam to Release a New Album Wade's #OneLastDance Dominated February Warriors Fans Go Wild After Unforgettable Moments with Steph Eight Years Ago, the Nuggets Traded Melo to the Knicks Two Years Ago, the Kings Shipped Boogie to the Pelicans ASG Will Be Competitive Again If the NBA Raises the Stakes Right Arrow Icon The point guard battled for multiple offensive rebounds and found Leonard for a three shortly after Philadelphia's 16-0 run in the second half. He was also the first to a number of loose balls and even drew an important charge on Embiid. Moreover, he had just two turnovers despite serving as one of the primary ball-handlers. He did it all while battling a thumb injury and looked nothing like the player who scored in single digits during two of the series' first three games and has a career player efficiency rating of 15.5 in the playoffs compared to 18.4 in the regular season, per Basketball Reference.<doc-sep>Kawhi Leonard just made one of the craziest game-winning shots in the history of the NBA playoffs and the Toronto Raptors are off to the Eastern Conference Finals. The Raptors and the Sixers were tied, 90-90, with just more than four seconds to play following Jimmy Butler’s game-tying layup. Toronto called a timeout and drew up a play for Leonard to get the ball at the top of the key. Leonard got the ball, dribbled into the right corner, and put up a fadeaway jumper over Sixers big man Joel Embiid. After a couple of bounces, the shot went down. It doesn’t get much crazier than this: The Raptors are now off to the conference finals, where No. 1 seed Milwaukee and Giannis Antetokounmpo are waiting. The Sixers, meanwhile, end their season in heartbreak.<doc-sep>Talk about a lucky bounce. Er, bounces. With the 76ers and Raptors tied at 90 and time running out in regulation, Toronto star Kawhi Leonard took a desperate jump shot while falling out of bounds as time expired. The ball made several bounces on the rim before falling in the basket. Toronto will take on Milwaukee in the Eastern Conference finals.<doc-sep>
Bloomberg (Bloomberg) -- Credit Suisse Group AG executives ignored warnings from colleagues about troubled steel tycoon Sanjeev Gupta as they channeled $1.2 billion of client funds to his businesses, according to people familiar with the matter.Bankers in Credit Suisse’s commodity trade-finance unit blacklisted Gupta’s Liberty Commodities Ltd. in 2016 because they suspected some of its deals weren’t legitimate, the people said. When they learned about two years later that the bank was lending to his companies through a suite of investment funds, which eventually grew to $10 billion, they flagged their worries to leaders in compliance and the division that housed the loans, one of the people said.The disclosure that Credit Suisse may have put clients at risk despite internal concerns over Gupta’s businesses adds a new twist to the debacle stemming from the March implosion of Greensill Capital, the finance firm at the center of the three-way relationship.Investigations, LawsuitsThe U.K. Serious Fraud Office is now investigating Gupta’s group of companies for suspected fraud, including in its financing deals with Greensill, according to a May 14 statement. Credit Suisse has sued to force Gupta’s Liberty Commodities into insolvency and has since shut the funds that made the loans and launched an internal investigation. Investors are staring at losses as the bank confronts embarrassing lawsuits.“We are currently focusing our efforts on recovering our investors’ money,” Will Bowen, a spokesman for Credit Suisse in London, said in an emailed statement, adding that the bank’s internal probe will focus on “all of the issues” linked to the funds. “We are committed to learning the lessons and will share the relevant lessons learnt at the appropriate time.”Andrew Mitchell, a spokesman for the Gupta Family Group Alliance, or GFG Alliance, a collective of businesses linked to Gupta including Liberty Commodities, denied any wrongdoing.The Greensill saga represents just one of the two disasters that rocked Credit Suisse in the first half of 2021. Since Greensill began unraveling, the bank has announced a $5.5 billion hit from the blowup at Archegos Capital Management.ApologiesFormer Chairman Urs Rohner apologized to shareholders and his successor, Antonio Horta-Osorio, who arrived at the end of April, has promised a sweeping strategy review.Chief Executive Officer Thomas Gottstein, who was head of the division that oversaw trade finance, wasn’t aware of the internal concerns about Gupta that had prompted the bank to cut him off, according to a person familiar with the matter.Employees at the trade-finance unit, which lends money for the buying and selling of commodities, cut ties with Gupta in 2016 after becoming skeptical toward his Liberty Commodities, the people said. They distrusted the documents the company provided, triggering doubts about its transactions, they said. In one example reported by Bloomberg, the company had presented another bank with what seemed to be duplicate shipping receipts. A spokesman for Gupta has denied any wrongdoing.Banking TiesLiberty Commodities pledged assets to Credit Suisse as security for borrowings in 2013 but by early 2016, all such commitments had been extinguished, indicating that the financing relationship had ceased, U.K. Companies House filings show. And while Gupta’s company listed the Swiss bank as one of its lenders in its 2014 annual report, it didn’t in the following year’s report, which is dated May 2016, according to the filings.Their counterparts at other banks, including Macquarie Group Ltd. and Sberbank PJSC, halted trading with Liberty Commodities around the same time because of similar concerns; Goldman Sachs Group Inc. also stopped in 2016, Bloomberg has reported.Nevertheless, executives at Credit Suisse’s asset-management division -- which creates investment products for clients and charges a fee for overseeing them -- began arranging a suite of funds focused on supply-chain finance in 2017. The entities bought securitized loans packaged by Greensill, a firm created by Australian businessman Lex Greensill. Much of the debts were linked to Gupta’s businesses.WarningsOfficials at the commodity trade-finance unit were concerned when they found out about the funds’ links to Gupta and took their fears to Thomas Grotzer, general counsel for the bank’s Swiss division. They also warned Luc Mathys and Lukas Haas, the bankers who helped oversee the trades at the asset-management unit.Grotzer was promoted last month to interim global head of compliance at Credit Suisse. He didn’t respond to requests for comment. Mathys, head of fixed-income at the asset-management division, and Haas, a portfolio manager, were put on temporary leave in March.