German towns fear the worst after ploughing millions into insolvent Greensill
11 March 2021 - 10:12
Frankfurt — Bad Duerrheim, a town of 13,400 people on the fringes of the Black Forest, is one of many across Germany united by a shared anxiety, the possibility of losing millions of euros invested with Greensill Bank.
The obscure Bremen-based private bank’s owner Greensill Capital entered insolvency this week after losing insurance coverage for its debt repackaging business...
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