Business
Greensill Bank: 26 German towns band together to save $390m in losses – The Australian Financial Review
Some 26 German towns had deposits with Bremen-based Greensill Bank – and risk losing $390 million in funds from the insolvent bank owned by Greensill Capital.
Frankfurt | Some 26 German towns facing 255 million euros ($390 million) in losses are combining forces as they seek to recover funds in the insolvency proceedings of Greensill Bank, a town coordinating the effort said on Tuesday.
A German court earlier on Tuesday opened insolvency proceedings for Greensill Bank, owned by Britains Greensill Capital. The Bremen, Germany-based lender was locked down by German financial regulator BaFin this month with a warning that there was an imminent risk that…
-
Noosa News13 hours agoWoman dead and man rushed to hospital with gunshot wound following crash near Aussie World on Queensland’s Sunshine Coast
-
General19 hours agoBoy dies after being trapped between rocks off NSW beach
-
Noosa News20 hours agoFarmer Fred Perry’s 30-year conservation project creates bird haven after years of ‘bashing and burning’
-
Noosa News20 hours agoDetectives continue to search for answers on Crystal Beale’s death