Greensill Capital Tumbles Into Insolvency, Spreading Financial Pain

Greensill’s bank in Bremen, Germany.

Photo:

Markus Hibbeler/Bloomberg News

Updated March 8, 2021 10:25 am ET

Greensill Capital filed for insolvency protection, according to a person familiar with the company, days after regulators took over its banking unit and Credit Suisse Group AG froze investment funds that were critical to the startup’s operations.

The unwinding has rippled to holders of the Credit Suisse funds, German municipalities who deposited money with Greensill’s bank, and a high-profile duo of venture capital investors.

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