Greensill Bank Faces Criminal Complaint After Valuations Probe

Germany’s financial regulator has asked prosecutors in the city of Bremen to investigate Greensill Bank AG.

BaFin filed the criminal complaint on Wednesday, according to a spokesman for the prosecutors. A spokesman for the regulator declined to comment.

A probe by BaFin found irregularities with how Greensill Bank booked certain assets, compounding the woes of parent company Greensill Capital as it seeks to stave off a damaging collapse, according to people familiar with the matter.

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