German Bank Sets Precedent: Sues The ECB

Friday, April 3, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
04/03/2015

In a move presaged by objections from politicians and some smaller EU financial institutions, the German lender L-Bank is suing the ECB in a bid to avoid falling under the central bank’s direct supervision. WSJ calls this “the most radical step by a European bank against ECB supervision [and] highlights the headwinds the ECB is facing from some politicians and smaller lenders in Germany, Europe’s biggest economy.”

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