Business
Greensill Capital enters safe harbour in Australia – The Australian Financial Review
The billionaire is considering options to rescue his global finance group after Credit Suisse stopped buying packaged invoices.
Credit Suisse is understood to be concerned about the rising level of noise surrounding Greensill over the past two years and its fiduciary duty to investors.
This includes Greensills financial exposure to British billionaire Sanjeev Guptas GFG Alliance, which owns steel, aluminium and iron ore mining businesses, and operates the Whyalla steelworks in South Australia.
Financial exposure
Greensill has provided funding to GFG through Greensill Bank, a German lender it bought in 2014. The Financial…
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