{"id":115366,"date":"2021-03-03T22:30:58","date_gmt":"2021-03-03T22:30:58","guid":{"rendered":"https:\/\/precoinnews.com\/?p=115366"},"modified":"2021-03-03T22:30:58","modified_gmt":"2021-03-03T22:30:58","slug":"german-financial-watchdog-bafin-imposes-a-moratorium-on-greensill-bank","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/german-financial-watchdog-bafin-imposes-a-moratorium-on-greensill-bank\/","title":{"rendered":"German financial watchdog BaFin imposes a moratorium on Greensill Bank"},"content":{"rendered":"<figcaption>FILE PHOTO: The Greensill Bank is pictured in downtown Bremen, Germany, July 3, 2019. REUTERS\/Fabian Bimmer<\/figcaption><p>FRANKFURT (Reuters) &#8211; Germany\u2019s financial watchdog BaFin said on Wednesday that it had imposed a moratorium on Greensill Bank.<\/p>\n<p>The ban is for disposals and payments because \u201cthere is an imminent risk that the bank will become over-indebted,\u201d said BaFin.<\/p>\n<p>The watchdog also ordered the bank closed for business with customers.<\/p>\n<p>The bank, based in Bremen, Germany, is part of the British fund Greensill Capital, which is in talks to sell large parts of its business after losing the backing of two asset managers who had underpinned parts of its supply chain financing model.<\/p>\n<p>\u201cThe moratorium had to be ordered to secure the assets in an orderly procedure,\u201d BaFin said.<\/p>\n<p>Greensill wasn\u2019t immediately available for comment.<\/p>\n<p>A moratorium is an invasive tool to put the brakes on a financial institution that \u201cfaces insolvency or excessive indebtedness\u201d, according to BaFin\u2019s website.<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/britain-greensill\/update-2-german-watchdog-puts-greensill-bank-on-hold-due-to-risk-concerns-idUSL5N2L15TX\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FILE PHOTO: The Greensill Bank is pictured<\/p>\n","protected":false},"author":3,"featured_media":115365,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>German financial watchdog BaFin imposes a moratorium on Greensill Bank - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/german-financial-watchdog-bafin-imposes-a-moratorium-on-greensill-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"German financial watchdog BaFin imposes a moratorium on Greensill Bank - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"FILE PHOTO: The Greensill Bank is pictured\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/markets\/german-financial-watchdog-bafin-imposes-a-moratorium-on-greensill-bank\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-03T22:30:58+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/03\/cnewsfotor94-3.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/markets\/german-financial-watchdog-bafin-imposes-a-moratorium-on-greensill-bank\/\",\"url\":\"https:\/\/precoinnews.com\/markets\/german-financial-watchdog-bafin-imposes-a-moratorium-on-greensill-bank\/\",\"name\":\"German financial watchdog BaFin imposes a moratorium on Greensill Bank - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2021-03-03T22:30:58+00:00\",\"dateModified\":\"2021-03-03T22:30:58+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/markets\/german-financial-watchdog-bafin-imposes-a-moratorium-on-greensill-bank\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/markets\/german-financial-watchdog-bafin-imposes-a-moratorium-on-greensill-bank\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/markets\/german-financial-watchdog-bafin-imposes-a-moratorium-on-greensill-bank\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Markets\",\"item\":\"https:\/\/precoinnews.com\/category\/markets\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"German financial watchdog BaFin imposes a moratorium on Greensill Bank\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"German financial watchdog BaFin imposes a moratorium on Greensill Bank - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/markets\/german-financial-watchdog-bafin-imposes-a-moratorium-on-greensill-bank\/","og_locale":"en_US","og_type":"article","og_title":"German financial watchdog BaFin imposes a moratorium on Greensill Bank - Pre Coin News","og_description":"FILE PHOTO: The Greensill Bank is pictured","og_url":"https:\/\/precoinnews.com\/markets\/german-financial-watchdog-bafin-imposes-a-moratorium-on-greensill-bank\/","og_site_name":"Pre Coin News","article_published_time":"2021-03-03T22:30:58+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/03\/cnewsfotor94-3.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/markets\/german-financial-watchdog-bafin-imposes-a-moratorium-on-greensill-bank\/","url":"https:\/\/precoinnews.com\/markets\/german-financial-watchdog-bafin-imposes-a-moratorium-on-greensill-bank\/","name":"German financial watchdog BaFin imposes a moratorium on Greensill Bank - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2021-03-03T22:30:58+00:00","dateModified":"2021-03-03T22:30:58+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/markets\/german-financial-watchdog-bafin-imposes-a-moratorium-on-greensill-bank\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/markets\/german-financial-watchdog-bafin-imposes-a-moratorium-on-greensill-bank\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/markets\/german-financial-watchdog-bafin-imposes-a-moratorium-on-greensill-bank\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Markets","item":"https:\/\/precoinnews.com\/category\/markets\/"},{"@type":"ListItem","position":3,"name":"German financial watchdog BaFin imposes a moratorium on Greensill Bank"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/115366"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=115366"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/115366\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/115365"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=115366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=115366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=115366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}