Greensill – a cautionary tale in greed ++ David Cameron

Greensill Capital, a UK financial services house involved in supply-chain financing has filed for bankruptcy sending out waves of collateral damage to banks such as Credit Suisse, the UK taxpayer and German town councils. Eye-watering sums are involved, Credit Suisse having frozen $1 billion in assets for a hard-to-estimate hit. The FT has calculated there is roughly £1bn exposure for UK taxpayers via Sanjeev Gupta’s steel/hydro-power and smelter group and Greensill, including a Scot