BaFin suspends Greensill operations in Germany
Greensill was founded in 2011, by Bundaberg-born watermelon farmer Lex Greensill Credit: PENpics Studio / Shutterstock
Germany’s financial regulator BaFin has frozen supply chain finance bank Greensill’s operations in the country and filed a criminal complaint, days after an Australian court rejected the parent company’s injunction demand to renew insurance coverage for its multi-billion dollar lending operation.
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