scandals

It’s Down To The Wire For Wirecard
It’s Down To The Wire For Wirecard
August 28, 2020  |  Partnerships / Acquisitions

Call it a case of death by a thousand cuts. Job cuts. And cutting loose operations. And cost cuts. What will be left of Wirecard...

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Wirecard To Slash Hundreds of Jobs
Wirecard To Slash Hundreds of Jobs
August 25, 2020  |  Personnel

Until now, the Wirecard AG scandal that crippled the German payment company has had little impact on its 1,500 employees worldwide – but that’s about...

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Wirecard Makes Deals To Sell Its Brazil, UK Operations
Wirecard Makes Deals To Sell Its Brazil, UK Operations
August 21, 2020  |  International

As Wirecard AG’s global operations close following its bankruptcy filing, the German payment company has agreed to sell what’s left, the Financial Times reported. Michael...

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Former Wirecard Exec Reported Dead
Former Wirecard Exec Reported Dead
August 13, 2020  |  Personnel

The Philippines government has confirmed that Christopher Bauer, a former executive of the bankrupt German payments company Wirecard AG, has died, Reuters reported.   Justice Secretary...

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Report: Wirecard Execs May Have Hidden $1B Before Collapse
Report: Wirecard Execs May Have Hidden $1B Before Collapse
August 07, 2020  |  Security & Fraud

In anticipation of its collapse in June, Wirecard AG executives may have raided the German payment company and deposited $1 billion in partner companies while...

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EU Banks Face Massive Losses On Exiting Wirecard Loans
EU Banks Face Massive Losses On Exiting Wirecard Loans
July 17, 2020  |  Loans

The troubles afflicting Wirecard AG are not limited to the German payment processing company. Some European lenders say they expect to recover as little as 20...

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Lawmakers Grill Wells CEO On Account Scandals
Lawmakers Grill Wells CEO On Account Scandals
March 10, 2020  |  Regulation

Just a bit more than four months into his tenure at the helm of Wells Fargo, new CEO Charlie Scharf faced pointed questioning from lawmakers...

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Wells Fargo Sees Card Spending Growth As Restructuring, Regulators Loom
Wells Fargo Sees Card Spending Growth As Restructuring, Regulators Loom
January 14, 2020  |  Earnings

For Wells Fargo (at least, when it came to the latest earnings report), it was all about the costs — and scandals. Charles Scharf, the...

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European Commission Investigates Past Money Laundering Cases
European Commission Investigates Past Money Laundering Cases
June 07, 2019  |  Europe

A European Union (EU) official has revealed that the European Commission (EC) is taking a close look into past money laundering cases at EU banks...

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