Tag: Electronic payments
How the key witness in the Wirecard scandal describes the role of the ex-CEO
Oliver Bellenhaus The indictment in the criminal proceedings for the billions in fraud at Wirecard is essentially based on the testimony of key witness Oliver Bellenhaus. He was once Wirecard…
The digital euro makes no sense
handelsblatt PHOTOMONTAGE, one euro coin and binary code, digital euro (Photo: Bildagentur-online/Ohde) Everyone is talking about it, the central banks, the EU Commission and more and more commercial banks too:…
Ex-boss Markus Braun rejects accusations
Markus Brown The former CEO wants to describe his “very personal perceptions” and the history of the company in the Wirecard process. (Photo: dpa) Munich Markus Braun begins his statement…
Ex-boss Markus Braun rejects accusations
Markus Brown The former Wirecard CEO wants to describe his “very personal perceptions” and the history of the company. (Photo: dpa) Munich In the criminal proceedings surrounding the billion-dollar bankruptcy…
“Liar” – Braun’s defense attacks key witnesses
Markus Brown According to the indictment, Braun and his accomplices acted as a gang of fraudsters who cheated banks and lenders by more than three billion euros with the help…
The parallels between the Indian Adani affair and Wirecard are astounding
protests in India Indian opposition demonstrators in New Delhi accuse Prime Minister Narendra Modi of remaining silent on the Adani affair for too long. (Photo: Bloomberg) In the Wirecard case,…
China, Turkey and UAE are turning away – pressure on Russian banks and politicians is increasing
ICBC branch in Beijing China’s largest bank won’t accept payments from Russian banks under Western sanctions. (Photo: Reuters) Przemysl Only a strong last quarter saved Russia’s banks from a year…
Munich judiciary groans under lawsuits
Markus Brown After the Wirecard scandal, the former CEO has to answer in court. (Photo: AFP/Getty Images) Cologne On June 25, 2020, Wirecard AG filed for insolvency – shortly afterwards…
EY Germany is cutting jobs – even highly paid partners have to go
EY offices in Stuttgart The company intends to strengthen its profitability before the planned split into two independent companies. (Photo: imago images/Arnulf Hettrich) Dusseldorf The auditing company EY is streamlining…
Previous EY examiners relinquish licenses
EY offices in Düsseldorf Since 2020, the Apas supervisory authority has been examining whether and to what extent auditors violated their obligations in their work for Wirecard and what the…
Against PayPal and Apple Pay: major US banks are planning their own payment app
Frankfurt Seven major US banks want to launch their own payment app and thus put the payment services PayPal and Apple Pay in their place. Well Fargo, Bank of America,…
Commerzbank is suing auditor EY over Wirecard losses
Commerzbank The major German bank is trying to recover its losses from the Wirecard bankruptcy in court. (Photo: dpa) Frankfurt Commerzbank wants to recover losses of around 200 million euros…
Ex-Wirecard boss’s statement is delayed – dispute over key witnesses
Markus Brown The former Wirecard boss will not testify in court this week. (Photo: dpa) Munich In the process of the bankruptcy of the financial group Wirecard worth billions, the…
Wirecard key witness confirms the charge: business invented
Oliver Bellenhaus on a trial day in December The only goal was to deceive Wirecard’s auditors. (Photo: dpa) Munich In the Munich Wirecard trial, the key witness for the public…
Russia wants to circumvent Western sanctions with cryptocurrencies
Elvira Nabiullina, Anatoly Aksakov The head of the Russian central bank and the head of the Duma’s financial market committee are making a U-turn in their crypto strategy. (Photo: IMAGO/SNA)…
Bafin refrains from stricter monitoring of the deDax group
Headquarters of the German Stock Exchange Germany’s largest stock exchange operator has a total of four subsidiaries with a banking license – three of which are based in Germany and…
Billionaire Jack Ma relinquishes control of financial giant Ant Group
jack ma The multi-billionaire has largely withdrawn from the public eye. (Photo: Reuters) Beijing Chinese billionaire Jack Ma cedes control of financial giant Ant Group. The founder of the company…
There is a lack of diversity in the audit
Logos of the big four auditors EY’s market share in the Dax is shrinking after the Wirecard scandal. (Photo: Getty Images (2), ddp, Mauritius) The moves to regulate auditors have…
Bundesbank cites a lack of staff as one reason for the postponement of Target2
Burkhard Balz The Bundesbank board member is responsible, among other things, for payment transactions. There were recently problems with the start of the new clearing system in the euro zone…
Some savings banks already exchange Girocards
This does not turn the Girocard into a credit card, it remains a debit card, so payments are debited directly from the account. But online shopping still works. The same…