June 4, 2020 / 6:36 AM / a month ago

BRIEF-VPE WertpapierhandelsBank: BaFin Revokes Licence For Banking Transactions And Financial Services

June 4 - VPE WERTPAPIERHANDELSBANK AG:

* SAID ON WEDNESDAY THAT BAFIN REVOKES LICENCE UNDER SECTION 32(1) OF KWG FOR BANKING TRANSACTIONS AND FINANCIAL SERVICES

* WERTPAPIERHANDELSBANK INTENDS TO LODGE APPEAL AGAINST NOTICE OF TERMINATION AND TO TAKE LEGAL ACTION IN ORDER TO BE ALLOWED TO RESUME BANKING TRANSACTIONS AND FINANCIAL SERVICES AT SHORT NOTICE

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