Greensill Capital on the brink as Credit Suisse freezes $10bn in funds
Lex Greensill’s trade finance firm considers filing for insolvency
01 March 2021 - 21:16
London — Greensill Capital is considering filing for insolvency after Credit Suisse froze $10bn worth of investment funds that Lex Greensill’s trade finance firm had relied on as buyers of the debt securities it issues.
The firm has internally discussed filing for insolvency within days, according to people briefed on the matter. It’s simultaneously in talks on a sale of its operating business to Apollo Global Management, according to one person...
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