The Royce Funds

Deutsche Bank | March 12, 2020

Deutsche Bank’s (DBKGn.DE) top executives sought to assure employees and investors over its ability to weather the coronavirus as shares in the German lender hit a new low on Thursday amid a wider stock market sell-off. Christian Sewing, chief executive of Germany’s largest bank, told employees in a memo seen by Reuters that Deutsche Bank’s business was in “good shape as the positive momentum of the fourth quarter has continued”. The bank has announced measures to s...

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....

FINANCIAL MANAGEMENT

PolySign | April 18, 2022

PolySign Inc. announced signing an agreement to acquire MG Stover for a combination of cash and PolySign stock. The acquisition is a part of its ongoing efforts to improve the quality and breadth of digital asset infrastructure available to institutional investors. MG Stover is the industry trendsetter in digital fund administration, with an impressive client base record of more than $40 billion in digital assets under administration. By doing this, it has become the world's largest industry...

TRADING SYSTEMS

Tinkoff | February 18, 2022

BPC, a payment services firm, announced that Tinkoff had selected its SaaS Cloud payment services to expand in the Philippines. The project is termed to be an extension of an existing partnership and is a testimony to BPC's proven technical expertise in the digital banking and payments landscape. BPC's next-generation payment processing company Radar Payments will head and manage the end-to-end payment experience for Tinkoff customers in the Philippines as per the new agre...