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Race to save 7000 Aussie jobs after financier Greensill Capital collapses – NEWS.com.au

Race to save 7000 Aussie jobs after financier Greensill Capital collapses

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British steel magnate Sanjeev Guptas company is racing to secure an alternative lender and keep 7000 Aussie jobs afloat after its financier collapsed.The move by Mr Gupta’s GFG Alliance comes after the Australian arm of Greensill Capital, founded by Bundaberg farmer-turned-billionaire Lex Greensill, was placed into administration.
The global company spectacularly imploded last week after Swiss bank Credit Suisse froze four investment funds that had purchased $US10bn ($A13bn) worth of the troubled…

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