Latest News for: Insolvent banking

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Deutsche Bank mulls support for Wirecard's banking unit

The National 03 Jul 2020
The Frankfurt-based lender is in touch with German regulator BaFin, the insolvency administrator and Wirecard Bank’s management board on possible further steps, a Deutsche Bank spokesman said by e-mail, without elaborating further on the nature of the potential aid....
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Down to the wire: Deutsche Bank mulls acquisition of scandal-hit Wirecard bank

Irish Independent 03 Jul 2020
Deutsche Bank is weighing the acquisition of all or part of disgraced Wirecard's bank, potentially throwing the business a lifeline after one of the biggest corporate scandals in recent years ... Deutsche Bank may also be hit if Wirecard Bank were to file for insolvency....
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How to clear your debts under the UAE's new insolvency law

The National 03 Jul 2020
The UAE’s new insolvency law – set to go live in January – will help those struggling with chronic debts by decriminalising their liabilities and allowing them to either settle their financial obligations through a court-approved payment plan or insolvency and the liquidation of their assets ... Insolvency law....
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German watchdog chief calls Wirecard scandal a 'massive criminal act'

Yahoo Daily News 02 Jul 2020
... considering support for the collapsed company's banking unit ... Germany's largest bank said it was working with BaFin and Wirecard's insolvency administrator on the possible support for Wirecard Bank....
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IMF urges Ukraine to keep central bank independent as governor’s exit rattles market

Metro USA 02 Jul 2020
The central bank has maintained its ... Kolomoisky has fought a protracted legal battle against the central bank and the government to win back control of PrivatBank, which was nationalised after the central bank said shady lending practices had pushed it towards insolvency....
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Ukraine aborts Eurobond sale as central bank governor's exit rattles market

Canada Dot Com 02 Jul 2020
... of Central Bank Governor Yakiv Smoliy ... Kolomoisky has fought a protracted legal battle against the central bank and the government to win back control of PrivatBank, which was nationalized after the central bank said shady lending practices had pushed it towards insolvency....
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Deutsche Bank May Offer Wirecard a Lifeline

New York Times 02 Jul 2020
Deutsche Bank said it was considering offering emergency financing to the hobbled German fintech giant, which has filed for insolvency ... ....
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Ukraine aborts Eurobond sale as central bank governor’s exit rattles market

Metro USA 02 Jul 2020
... of Central Bank Governor Yakiv Smoliy ... Kolomoisky has fought a protracted legal battle against the central bank and the government to win back control of PrivatBank, which was nationalised after the central bank said shady lending practices had pushed it towards insolvency....
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Wirecard administrator says received inbound interest for assets

Metro USA 01 Jul 2020
FRANKFURT (Reuters) – Wirecard’s <WDIG.DE> administrator said he has received strong inbound interest for the payment firm’s assets and will shortly mandate banks for the sale of individual parts of the company ... “Wirecard Bank is still not insolvent....
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Police raid Wirecard HQ as administrator kicks off asset sales

RTE 01 Jul 2020
While some of the operating assets were expected to find new homes, the fate of Wirecard's bank - which has been ring-fenced to prevent any outflow of cash - remains unclear.&nbsp;. "Wirecard Bank is still not insolvent ... It is up to German financial regulator BaFin to decide whether Wirecard Bank also has to file for insolvency....
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Police raid Wirecard headquarters as administrator kicks off asset sales

Metro USA 01 Jul 2020
Wirecard filed for insolvency last week ... Investment banking boutique Moelis has been tasked with finding a buyer for the U.S ... “Wirecard Bank is still not insolvent ... It is up to German financial regulator BaFin to decide whether Wirecard Bank also has to file for insolvency....
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The Debt Panel: 'I cannot repay my Dh60,000 dues as I haven't been paid since January'

The National 01 Jul 2020
I have asked the bank for deferments on the personal loan credit and card 1 because I have no money but they have refused to help ... Also, if the banks had offered a deferment, the debts would not have multiplied as much ... R Sivaram, executive vice president, head of retail banking products, Emirates NBD....
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Opinion: Asian Economies Must Use Fiscal Stimulus Wisely to Recover

Caixin Online 01 Jul 2020
... to support bank lending to smaller firms ... For example, flattening the bankruptcy curve by streamlining the restructuring and insolvency frameworks; ensuring that banks are adequately capitalized; and facilitating equity injections into viable firms and risk capital for new firms....

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