Page 13 - Bafin Has News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Bafin has. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Bafin Has Today - Breaking & Trending Today
Wirecard's Regulator Faces Criminal Probe as Scandal Expands yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
PRESSESPIEGEL/Zinsen, Konjunktur, Kapitalmärkte, Branchen finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
German court orders Greensill Bank windup, after British parent s insolvency filing Insolvency proceedings at Greensill Bank, sought by Germany s BaFin financial regulator, now have court backing as German municipalities fear hefty deposit loses. The Bremen bank entered insolvency last week A German court appointed an insolvency administrator to Greensill Bank on Tuesday, as requested by BaFin, Germany s previously criticized financial regulator. Specialist lawyer Michael Frege will wind up the bank, reportedly with €3.6 billion ($4.3 billion) at stake from depositors attracted by margins above Europe s negative interest rates. The previously obscure Bremen bank entered insolvency last week after Greensill Capital, a Britain-Australian financier headquartered in London, lost insurance coverage for its short-term debt repackaging business. ....
Industry insiders are hopeful that access to funding and insurance will remain resilient across the wider supply chain finance (SCF) market, despite the disastrous collapse of London-based behemoth Greensill. Though Greensill’s demise is rooted in its exposure to GFG Alliance, a network of companies linked to metals magnate Sanjeev Gupta, its collapse last week was There had been hopes that despite Greensill filing for administration in a London court on Monday, private equity investors would be able to salvage the company’s SCF business, which sources describe as robust and insulated from the company’s GFG-related activities. But as of press time, serious doubts are arising over that proposed acquisition, opening up the possibility that other SCF providers and funders could be called upon to step into the ....