London | Funds management giant Credit Suisse will liquidate four funds worth $US10 billion ($12.9 billion) that propped up Lex Greensill’s supply-chain finance empire, in another signal that the music has stopped for the Australian billionaire.
Credit Suisse froze the four supply-chain finance (SCF) funds on Monday, setting the ball rolling on a high-speed public collapse of the $6 billion Greensill business.
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Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com
