Financials (Legacy)

UK minister says Huawei must meet conditions for involvement in 5G network

UK minister says Huawei must meet conditions for involvement in 5G network

Published 05/07/2020

LONDON (Reuters) - China’s Huawei has clear conditions to meet for Britain to continue to allow its involvement in the development of 5G telecoms infrastructure, [more…]

EU banks to take on Visa, Mastercard with new payments system

EU banks to take on Visa, Mastercard with new payments system

Published 02/07/2020

LONDON/PARIS (Reuters) - Sixteen banks from Germany, France and three other euro zone countries on Thursday said a “truly European” payments system was expected to [more…]

Greece’s NBG hires Morgan Stanley to advise on six billion euro bad debt sale

Greece’s NBG hires Morgan Stanley to advise on six billion euro bad debt sale

Published 30/06/2020

ATHENS (Reuters) - Greece’s National Bank (NBG) has hired Morgan Stanley as an adviser ahead of a planned sale of more than 6.0 billion euros [more…]

Wirecard’s former boss faces criminal complaint in Austria

Wirecard’s former boss faces criminal complaint in Austria

Published 30/06/2020

VIENNA (Reuters) - An Austrian lawyer has filed a criminal complaint against Wirecard’s (WDIG.DE) former Chief Executive Markus Braun and Chief Operating Officer Jan Marsalek [more…]

More Britons take a bet on bitcoin

More Britons take a bet on bitcoin

Published 30/06/2020

LONDON (Reuters) - The number of people in Britain buying cryptoassets like bitcoin BTC=BTSP and ether has more than doubled over the past year, but [more…]

UK PM Johnson says on Huawei: we must protect from ‘hostile state vendors’

UK PM Johnson says on Huawei: we must protect from ‘hostile state vendors’

Published 30/06/2020

LONDON (Reuters) - Prime Minister Boris Johnson said on Tuesday that Britain needed to protect its critical national infrastructure from “hostile state vendors” when deciding [more…]

New rules may be needed for payments in wake of Wirecard, BIS boss says

New rules may be needed for payments in wake of Wirecard, BIS boss says

Published 30/06/2020

LONDON (Reuters) - More joined up rules may be needed across the payments sector after the collapse of Germany’s Wirecard AG, Bank for International Settlements [more…]

Exclusive: Germany missed chances to put Wirecard on watchlist, source says

Exclusive: Germany missed chances to put Wirecard on watchlist, source says

Published 30/06/2020

FRANKFURT (Reuters) - German regulators twice looked into tightening the supervision of collapsed payments firm Wirecard and discussed it with the German and European central [more…]

Rainy day hastens sovereign wealth funds’ refocus to home

Rainy day hastens sovereign wealth funds’ refocus to home

Published 25/06/2020

LONDON (Reuters) - Famed for snapping up glitzy real estate and stakes in troubled international banks during the global financial crisis, sovereign wealth funds are [more…]

Very clear Wirecard deposit certificate was ‘spurious’, BPI CEO says

Very clear Wirecard deposit certificate was ‘spurious’, BPI CEO says

Published 22/06/2020

MANILA (Reuters) - Bank of the Philippine Islands Chief Executive Cezar Consing said it was clear that a certificate purporting to be for a Wirecard [more…]