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Greensill Bank’s Auditor Plans to De-Certify Lender’s Accounts

May 3, 2021, 11:31 AM

The auditor of Greensill Capital’s German bank plans to withdraw its certifications of the failed lender’s annual accounts after allegations of irregularities.

Ebner Stolz, a Stuttgart, Germany-based auditing firm, has told authorities about the plan and is likely to go ahead with it shortly, people familiar with the matter said. They didn’t say how many annual reports would be affected and asked not to be identified as they we weren’t authorized to speak publicly about the case.

Greensill Bank was shuttered by German financial regulator BaFin in March as the lender’s parent company, founded by Lex Greensill, collapsed. The fall ...

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