Why Greensill s collapse could spell calamity for Gupta s steel empire
Australian financier Lex Greensill’s financial empire has collapsed just a year after seeking a $7bn valuation.
On Monday Greensill Capital filed for administration and it risks taking Sanjeev Gupta’s steel empire down with it.
What went wrong for the banker and the steel magnate and how will its demise affect thousands of British steel jobs?
What is Greensill Capital and what does it do?
Greensill Capital is the brainchild of former Citigroup and Morgan Stanley financier Lex Greensill and it employs former PM David Cameron as an adviser.