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German Regulator Close to Freezing Greensill Bank Payments

  • BaFin moving nearer to moratorium on Greensill’s German bank
  • BaFin has been reviewing the lender for several months
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Photographer: Andreas Rentz/Getty Images

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German financial regulator BaFin is close to freezing payments in and out of Greensill Bank AG, a step that could further weaken the stricken trade-finance empire amid efforts to find a buyer.

The watchdog could take the decision on a so-called moratorium for the German banking arm of Greensill Capital at short notice, according to people familiar with the matter, who asked not to be named because the deliberations are private.