Business
Thousands of jobs on the line as Australian billionaire Lex Greensill’s empire teeters on the brink of collapse – NEWS.com.au
Thousands of jobs on the line as Australian billionaire Lex Greensill’s empire teeters on the brink of collapse
A Bundaberg farmer-turned globetrotting billionaire is this week staring down the collapse of his financial empire and thousands of Australian jobs could hang in the balance.Lex Greensill, who famously grew up on Australia’s largest sweet potato farm before embarking on a high-flying career in finance, is racing to save his troubled lender Greensill Capital after investment bank Credit Suisse on Monday froze billions of dollars of funding, kicking off an explosive chain of events that has rocked…
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