Update: Greensill Capital enters administration - reports

Apollo to buy portions of business

James Baxter-Derrington
The collapse could cause as many as 50,000 job losses

The collapse could cause as many as 50,000 job losses

Greensill Capital filed for insolvency yesterday (8 March), and said in its court filing that its largest client GFG Alliance had begun to default on its debts, according to reports.

According to Reuters, the court filing said: "GFG has fallen into severe financial difficulty. GFG has started to default on its obligations." It has been reported that Grant Thornton has been appointed...

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