Collapse of Greensill Capital throws UK Steel industry into crisis

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The collapse of the principle financial backer of one of the UK’s largest industrial groups has fallen into administration, risking 5,000 jobs at Liberty Steel and other firms. Specialist bank Greensill Capital was the main lender to businessman Sanjeev Gupta’s sprawling empire, which includes Liberty Steel. In a court filing, Greensill said Mr Gupta’s operations…

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