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German banks suing regulator to claw back billions from financial crisis levy

By Sofia Gerace ( October 31, 2024, 13:11 GMT | Insight) -- Germany's financial regulator has been sued by at least four German lenders that want to receive back the 2.3 billion euros that the country's banks paid as a levy in the wake of the 2008 global financial crisis.A group of German lenders are taking the country’s financial regulator to court as they seek to get back their contributions to a levy of 2.3 billion euros ($2.5 billion) that banks had to pay following the 2008 global financial crisis....

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