Tag: Wirecard

Railsbank and Wirecard Card Solutions sign term sheet agreement

Railsbank's acquisition of Wirecard's UK business has entered a new phase with the two parties having signed a term sheet agreement.

Wirecard officially winds down its UK-regulated business

Following the collapse of Wirecard in June, the German FinTech giant is now officially winding down its regulated services in the UK.

Law firm calls for Wirecard investors to sign up for class...

Faruqi & Faruqi, a leading national securities law firm, reminds American Wirecard investors that they have until September 8 to sign up to be part of a class action lawsuit against the collapsed FinTech.

Railsbank to buy scandal-ridden Wirecard’s UK division

Following the collapse of the German FinTech giant Wirecard, UK rival Railsbank will reportedly buy the company's British division.

German anti-money laundering regulator failed to share warnings about Wirecard

The German Financial Intelligence Unit only sent a fracture of warnings about Wirecard's finances to the police and the public prosecutor's office.

Wirecard scandal costs Commerzbank €175m in bad loans

Commerzbank is the latest company to feel the shock waves of Wirecard's collapse, with the beleaguered firm having had a €200m ($237.51m) credit facility with the German lender.

Visa and Mastercard fined Wirecard for suspicious transactions

While the Wirecard scandal truly came to light this summer, it seems as if Mastercard and Visa have been concerned for many years about the now insolvent FinTech giant.

German regulator BaFin sued by Wirecard investors

Wirecard investors are suing the German regulator BaFin for allegedly having turned a blind eye against the evidence that things weren't what they should've been at the collapsed FinTech.

Bundesbank president calls for tougher rules to prevent another Wirecard scandal

Jens Weidmann, president of Bundesbank, has called for German regulators to toughen up its auditing and accounting rules or risk facing another Wirecard scandal.

Former Wirecard CEO Markus Braun arrested again for his alleged part...

Markus Braun, the former top boss at disgraced FinTech giant Wirecard, has been arrested for a second time in Munich for his alleged role in a multi-year fraud.

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