London | British metals tycoon Sanjeev Gupta’s bid to keep his global empire afloat took another blow on Tuesday (Wednesday AEDT) after Credit Suisse reportedly lodged a court filing to wind up his key commodities-trading unit.
According to Bloomberg and the Financial Times, Citigroup filed the application on Credit Suisse’s behalf, as the Swiss giant tries to recover money for investors in its $US10 billion ($13 billion) worth of funds that bankrolled the operations of collapsed supply-chain financier Greensill.
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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
