5,000 steel jobs at risk
About 7 Months, 2 Weeks, 2 Days, 2 Hours, 50 Minutes ago.
The principal financial backer of one of the UK's largest industrial groups has fallen into administration.
Specialist bank Greensill Capital was the main lender to businessman Sanjeev Gupta's sprawling empire, which includes Liberty Steel.
The appointment of administrators to Greensill puts 5,000 jobs at risk at Liberty Steel and other firms.
Union officials were already due to have crisis talks with Mr Gupta on Tuesday.
Liberty owns 12 steel plants in the UK including in Rotherham, Stocksbridge, Newport and Hartlepool.