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Greensill Capital's collapse: how it all went wrong for the Australian farmer with four private planes

Former UK prime minister was adviser to Lex Greensill’s collapsed finance firm ....

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Greensill Files For Administration - Who's Left Holding The Bag?

Greensill Files For Administration - Who's Left Holding The Bag?
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

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Tens of thousands of jobs at risk as Greensill Capital moves closer to collapse

According to Greensill’s court filings, the insurers alleged that the policies that underpin the loans were written by an employee of a Tokio Marine subsidiary, but lacked the documents required to evaluate the risk being insured.
Greensill is on the verge of collapse after key backers, including Tokio Marine, Credit Suisse and the Swiss finance house GAM Holding, withdrew support amidst concerns about the management of the business, and the magnitude of loans Greensill issued to one key client, the steel magnate Sanjeev Gupta.
Greensill employs 1000 staff
in London but is controlled through a holding company in Bundaberg, Australia. Its collapse could put at risk the financing of Gupta’s international steel business, GFG Alliance, which employs 45,000 people around the world, including some 3000 in the UK and 7000 in Australia – most at the Whyalla steel mill. ....

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Tens of thousands of jobs at risk as Greensill Capital moves closer to collapse

Tens of thousands of jobs at risk as Greensill Capital moves closer to collapse
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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