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Monheim: Fall Greensill - Stadt kämpft für Gläubiger-Bündnis rp-online.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rp-online.de Daily Mail and Mail on Sunday newspapers.
German town fears huge loss on Greensill bank investment The potential loss to Monheim am Rhein equates to about €1,000 per inhabitant. Germany s financial regulator has frozen the Greensill bank s operations. The Bremen-based bank s operations were frozen by the German finance watchdog on Wednesday The mayor of a small German town warned on Thursday it could lose about €38 million ($46 million) invested in Greensill Bank. Monheim am Rhein, a town of just over 42,000 people between Cologne and Düsseldorf, is set to lose about €1,000 per person. It is possible that we lose the entire amount of invested money, mayor Daniel Zimmermann told council members in a letter. The audit team of the town is set to meet on Tuesday to discuss the matter. ....