German towns facing Greensill Bank losses band together By Reuters
FRANKFURT (Reuters) - Some 26 German towns facing 255 million euros ($303 million) in losses are combining forces as they seek to recover funds in the insolvency proceedings of Greensill Bank, a town coordinating the effort said on Tuesday. A German court earlier on Tuesday opened insolvency proceedings for Greensill Bank, owned by Britain's Greensill Capital. The obscure Bremen, Germany-based lender...
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