News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

News

Greensill Capital crashes into administration in UK following liquidity crunch

Fall from grace comes a week after Credit Suisse suspended the $10bn funds over concerns they were over-exposed to steel magnate Sanjeev Gupta

Tthe Greensill Bank AG offices in Bremen, Germany
Tthe Greensill Bank AG offices in Bremen, Germany Photo: Markus Hibbeler/Getty Images

Greensill Capital has tumbled into administration in the UK after Credit Suisse suspended funds valued at $10bn that were supporting the supply chain finance business.

The troubled finance firm is in ongoing talks to sell the majority of its business to Apollo Global Management.

WSJ Logo