"We Expect The Worst" - German Towns To Lose Millions In Greensill Bank Collapse
by Tyler Durden Saturday, Mar 13, 2021 - 08:45 AM Germany's Bafin has frozen accounts at Greensill's Gremany-based bank as its parent company's debt-repackaging business has tumbled into administration. And unfortunately, the demise of the bank will likely take tens of millions of euros of public money that had been invested in short-term high-interest accounts. Millions of dollars belonging to German municipalities had reportedly been parked at the Bremen, Germany-based bank. And because towns and cities aren't protected by a German deposit-protection scheme that shields assets belonging to ...
Source: zerohedge.com
