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Greensill Capital faces possible insolvency after Credit Suisse suspends investment funds

Swiss lender’s decision on $10bn in funds comes amid concern over Greensill’s exposure to UK-based steel magnate

Greensill Capital is headed toward a rapid unravelling after Credit Suisse Group suspended $10bn of investment funds that fuelled the SoftBank Group-backed finance startup.

UK-based Greensill has appointed Grant Thornton to guide it through a possible restructuring and it could file for insolvency, the UK equivalent of bankruptcy within days, according to people familiar with the company.

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