News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

News

Greensill Capital owes £1bn to creditors including SoftBank, Credit Suisse

The parent company may also face a claim of €2bn from the Association of German Banks

Greensill Capital’s administrators, Grant Thornton, have held a meeting virtually with 59 creditors, 34 to whom the company owes almost £1bn
Greensill Capital’s administrators, Grant Thornton, have held a meeting virtually with 59 creditors, 34 to whom the company owes almost £1bn Photo: Patrik Stollarz/Getty Images

Failed supply chain firm Greensill Capital owes at least 1.75bn Australian dollars – or £1bn – to creditors.

On 19 March, the Australian firm's administrators Grant Thornton held their first meeting with 59 creditors virtually – of which 34 have submitted claims.

WSJ Logo