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Tech stocks drag Wall Street lower, Greensill files for administration, Apollo merges with Athene

FT News Briefing

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The Collapse of Greensill Capital and Its Impact on GFG Alliance

This chapter explores the bankruptcy filing of Greensill Capital, focusing on its failure to repay loans and the impact of defaults from its major client, GFG Alliance. It examines the financial collapse of a company that once aimed to innovate supply chain financing and its deep ties to the troubled GFG Alliance.

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