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Wirecard | June 22, 2020
Wirecard shares are once again in free fall on Monday after the German payments firm said it was likely that 1.9 billion euros ($2.1 billion) of cash missing from its balance sheet doesn’t exist.
The Munich-based company said it was assessing the “prevailing likelihood” that unaccounted cash balances flagged by auditors at EY last week “do not exist.” The lost funds represent roughly a quarter of Wirecard’s balance sheet....
Franklin | February 18, 2020
Franklin Resources Inc. is in talks to buy rival asset manager Legg Mason Inc., according to people familiar with the matter, in a deal that could help two big players in an industry that is under pressure from shifting investor tastes. Assuming it comes together, a deal for Legg Mason could be announced as soon as Tuesday, the people said. While the exact price and other terms couldn't be learned, it would be sizable given Legg Mason's market value of more than $3.5 billion and assets u...
Wall Street | April 20, 2020
Wall Street fell at the open on Monday as energy shares took a hit from a crash in oil prices, with investors bracing for a week packed with earnings reports and economic data that could provide more evidence of the damage wrought by the coronavirus.
The Dow Jones Industrial Average (DJI) fell more than 2% minutes after opening down 147.39 points, or 0.61%, at 24,095.10.
The S&P 500 (SPX) opened lower by 28.94 points, or 1.01%, at 2,845.62, while the Nasdaq Composite (IXIC) dro...
Roxe | December 09, 2021
Roxe, the leading next-generation, open global payment network that uses blockchain to make payments smarter, today announced it has partnered with DocFox to streamline and scale the onboarding for its business customers.
Roxe unifies fragmented global payment systems, providing fast, low-cost, peer-to-peer global payments to banks, central banks, payment companies, remittance providers and consumers. With DocFox, Roxe is working to establish an intelligent, automated business onb...
Financial Management, Digital Banking
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