New York, Personal Finance, File, Greensill Capital

New York, Personal Finance

Greensill Capital files for bankruptcy protection in New York

Greensill Capital files for bankruptcy protection in New York

26/3/2021 1:39:00 AM

Greensill Capital files for bankruptcy protection in New York

British fund Greensill Capital on Thursday filed for Chapter 11 bankruptcy protection in New York , days after it filed for insolvency in Britain.

26 Mar 2021 05:55AMShare this contentBookmarkREUTERS: Greensill began to unravel earlier this month when its main insurer stopped providing credit insurance on US$4.1 billion of debt in portfolios it had created for clients including Swiss bank Credit Suisse.

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AdvertisementAdvertisementThe company listed estimated assets between US$10 million and US$50 million, according to the New York court filing.(Reporting by Uday Sampath in Bengaluru; Editing by Shinjini Ganguli) Read more: CNA »

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