LONDON (Financial Times) -- Greensill Capital has filed for administration, warning it is in "severe financial distress", unable to repay a $140 million loan to Credit Suisse and hit by "defaults" from its key customer GFG Alliance.
Lawyers for Greensill appeared before a UK court on Monday in a move that potentially paves the way for the US private equity group Apollo Global Management to buy parts of the ailing business.
