Before Wirecard’s unraveling, two financial heavyweights set up an unusual $1 billion investment in the payments company. A structured product tied to that deal is now foundering, amplifying the damage.
Last year, before the unraveling of Wirecard AG, two heavyweight financial players set up an unusual $1 billion investment in the payments company. A structured product tied to that deal is now foundering, amplifying the damage from the fintech giant’s troubles.
In April 2019, Wirecard said an affiliate of Japan’s SoftBank Group Corp., one of the world’s largest technology investors, would buy €900 million in convertible bonds from the payments company and enter into a strategic partnership with it.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
This Photographer Is Earning $1 Million A Year Teaching OnlineSince Phil Ebiner launched his first Udemy class in 2012, he's logged nearly 2 million sign-ups for his 116 courses.
Read more »
BTS and Big Hit Entertainment Donate $1 Million to Crew Nation CharityBTS and its management company Big Hit Entertainment have teamed up to donate $1 million to Crew Nation, Live Nation’s campaign to support live-entertainment personnel impacted by the coronavirus p…
Read more »
MLB's Carl Crawford Sued For Over $1 Million Over Drowning At Texas MansionThe mother of 1 of the drowning victims at Carl Crawford's Texas mansion last month says the former MLB star is responsible for her son's death ... and now, she's suing for over $1 million.
Read more »
A 'COVID-Free' Italian Town Wants You to Buy a Home for $1Tucked a way between hills and warm seas, a small town in Italy that calls itself a 'COVID-free village' wants you to buy its abandoned homes and renovate them. You might just want to pack up everything and move because the houses are on the market for $1.
Read more »
Wirecard says missing $2.1 billion likely do not exist; withdraws resultsWirecard AG said on Monday that there was a likelihood that the missing amount of 1.9 billion euros ($2.13 billion) from its accounts simply did not exist.
Read more »
Wirecard says missing $2.1 billion likely did not exist; withdraws forecastsScandal-hit German payments firm Wirecard AG on Monday said a quarter of its assets totalling 1.9 billion euros ($2.13 billion) that auditor EY has been unable to account for likely did not exist in the first place.
Read more »