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Greensill crisis leaves bank’s founder facing sudden fall to earth

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Founder who employed David Cameron as an adviser was previously lauded for small business financing

Lex Greensill likes to tell his story. He boasts regularly about how he rose from a watermelon, sugar cane and sweet potato farmer in northern Queensland to become a billionaire banker traversing the world by private jet, and employing some of the world’s most powerful former politicians including the ex-UK prime minister David Cameron and the former Australian foreign minister Julie Bishop.

He refuses, however, to talk about his current predicament, as Greensill Capital, the controversial bank he founded in 2011 with his brother Peter, a farmer, teeters on the brink of collapse.

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