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German bank auditors say lodged Greensill Bank complaints in 2020 By Patricia Uhlig
FILE PHOTO: The Greensill Bank is pictured in downtown Bremen
FRANKFURT (Reuters) – The Auditing Association of German Banks registered complaints about Greensill Bank with Germany’s financial watchdog BaFin in early 2020, a spokesman told Reuters on Thursday.
BaFin warned on Wednesday of “an imminent risk” that Greensill Bank would become over-indebted as it imposed a moratorium on the lender making disposals or payments.
Oliver Santen, spokesman for the auditing association, which oversees the deposit insurance scheme for Germany’s private banks, said Greensill Bank had not followed rules underpinning the scheme.