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Wirecard and the Curious Case of the Missing $2 Billion

  • Wirecard and the Curious Case of the Missing $2 Billion Wirecard and the Curious Case of the Missing $2 Billion 5:41
    The Coronavirus Impact on Global Growth The Coronavirus Impact on Global Growth 9:52
    The Global Backlash Against Facebook's Digital Currency Project The Global Backlash Against Facebook's Digital Currency Project 3:31
5:34 p.m. Today - Barrons.com
Barron’s 2020 Midyear Roundtable: 37 Picks From Our Investment Pros Near-zero interest rates have favored growth stocks this year, while leaving value names in the dust. Our 10 panelists say this has created ample opportunities to invest in good companies selling at deep discounts.
12:14 p.m. July 8, 2020 - By Wallace Witkowski
Alibaba rallies on report of plans of Ant Financial IPOU.S. traded shares of Alibaba Group Holding Ltd. rallied Wednesday following a report that the Chinese e-commerce giant plans an initial public offering for Ant Financial Services Group. American depositary receipts of Alibaba surged as high as $258.49 Wednesday and closed up 9% at $257.68. On Tuesday, that Alibaba was seeking a Hong Kong IPO for Ant that would value the fintech segment at more than $200 billion. Reuters also reported, however, that Ant said information about its IPO plans was incorrect while Alibaba had yet to respond for a comment.
2:00 a.m. July 6, 2020 - Barrons.com
SPACs Are Booming. These 21 May Be About to Announce Deals. Barron’s screened for SPACs that are less than six months from their deadlines (thus might be about to announce deals), and compared their market prices to their current estimated trust value per share.
2:40 p.m. July 2, 2020 - By Wallace Witkowski
Lemonade logs best U.S. IPO debut of 2020 with more than 140% gain Debut follows string of recent strong IPOsLemonade Inc. snagged 2020’s strongest initial public offering debut as the shares of the mobile-based insurance startup became the latest to more than double on their first day of trading.
10:23 a.m. June 29, 2020 - Barrons.com
4 ETFs for a Rebounding Latin America Latin America has become the epicenter of the coronavirus pandemic, but that’s not stopping investors from buying its exchange-traded funds with gusto.
6:03 a.m. June 29, 2020 - By Barbara Kollmeyer
European equities fight for gains amid continued U.S. virus concerns European stocks struggled for direction as a new week began on Monday, as investors continued to focus on rising coronavirus infection rates in the U.S. and as global cases surged past 10 million.
12:43 a.m. June 29, 2020 - MarketWatch
Wirecard soars as business activities continueWirecard AG shares soared higher Monday after the company said Saturday that its business activities are continuing despite its having filed for insolvency in a court in Munich, Germany. At 0820 GMT, Wirecard shares traded 170% higher at EUR3.45, although shares are down 97% in the year to date. The German fintech company said the decision of whether to open insolvency proceedings is still under review, adding that a provisional insolvency administrator should be appointed in due course.
9:17 p.m. June 28, 2020 - MarketWatch
Wirecard keeps business activities going Wirecard AG said Saturday that its business activities are continuing despite the filing for insolvency in a court in Munich, Germany. The German fintech company said the decision of whether to open insolvency proceedings is still under review, adding that a provisional insolvency administrator should be appointed in due course.
5:53 p.m. June 26, 2020 - Barrons.com
Spotify Pushes Its Podcasting Strategy. Will It Produce Profits? By signing Joe Rogan, Bill Simmons, and Kim Kardashian West, the music streamer has generated lots of headlines. But investors have to wonder what the longer-term upside—if there is one—will be.
4:38 p.m. June 26, 2020 - Barrons.com
As Covid-19 Surges, Uncertainties Return The second half of 2020 looks increasingly foggy, particularly on the role massive federal stimulus will play.
9:17 a.m. June 26, 2020 - Barrons.com
Why PayPal’s Growth Estimates May Be Too Optimistic PayPal’s shares are trading at a multiple of 35 times adjusted 2022 earnings estimates. That might be near its ceiling, for now, BTIG analyst Mark Palmer says.
4:00 a.m. June 26, 2020 - Barrons.com
Barron’s Daily: Italy Is Banning Carry-on Bags. What to Know. Senate passes sanctions on China, Texas case surge puts reopening on pause, Fed stress test results are in, and other news to start your day.
3:26 a.m. June 26, 2020 - MarketWatch
U.K. FCA imposes requirements on WirecardThe U.K.'s Financial Conduct Authority said Friday that it has imposed requirements on Wirecard AG's U.K. operations, a day after the company filed for insolvency proceedings. The FCA said Wirecard Card Solutions mustn't dispose of any assets or funds and mustn't carry on any regulated activities, although it has to outline a statement on its website to inform customers that it is no longer possible to conduct any regulated activities.
9:56 a.m. June 25, 2020 - By Abby Schultz
Upstart Co-Lab Creates Member Coalition to Spur Creative EconomyThe group of individuals, foundations, and cultural institutions has $1 billion in investment capacity
7:18 a.m. June 25, 2020 - Barrons.com
Wirecard Debacle Exposes Financial Flaw in German Economy Members of the German Parliament are beginning to lay the groundwork for a thorough investigation into what is already being called “the German Enron.” But the problem may be wider than one company that went bust.
4:09 a.m. June 25, 2020 - Barrons.com
Barron’s Daily: New Covid-19 Hot Spots Are Raising More Questions Than Answers Why jobless claims remain high, Covid-19 outbreak intensifies in Texas, summer travel is back on hold, and other news to start your day.
8:07 a.m. June 23, 2020 - Barrons.com
Mastercard Is Going Deeper Into Fintech With Deal for Finicity The credit card behemoth says the nearly $1 billion acquisition will strengthen its open-banking platform.
4:38 a.m. June 23, 2020 - By Emily Bary
Mastercard to purchase open-banking company Finicity for $825 millionMastercard Inc. announced Tuesday that it plans to acquire open-banking company Finicity for $825 million. Finicity shareholders have the ability for an earn out of as much as $160 million in additional funds if certain performance targets are met. The deal is expected to close by the end of the year. Mastercard said in a release that Finicity's technologies will strengthen its open-banking capabilities, helping give customers more control over their financial data as they link up with third-party services that rely on banking information. Open banking enables new fintech applications to offer services that leverage a user's existing financial and banking credentials. "It's through the use of next generation open banking APIs [application programming interfaces] and clear consumer approvals that this financial information can deliver streamlined loan and mortgage processes, rapid account-based payment initiation and personal financial management solutions," Mastercard President Michael Miebach said in the release. Mastercard shares are up 0.6% in Tuesday trading. They've gained 50% over the past three months as the S&P 500 has risen 39%.
12:30 p.m. June 22, 2020 - Barrons.com
Bill Ackman’s Pershing Square Files for Largest-Ever SPAC IPO The initial public offering seeks to raise $3 billion for Pershing Square Tontine Holdings. The average SPAC in 2020 has raised $327 million.
9:04 a.m. June 22, 2020 - Barrons.com
Fintech nCino Files to Go Public The planned IPO by the Insight Venture-backed company comes amid a surge of investor enthusiasm for new stocks.
4:03 a.m. June 22, 2020 - Barrons.com
Barron’s Daily: What Investors Can Learn From Wirecard’s Missing $2 Billion Wirecard debacle deepens, Trump tries a campaign reboot, sports leagues struggle to move forward, and other news to start your day.
10:01 p.m. June 21, 2020 - MarketWatch
Short sellers made $2.6 bln off Wirecard plungeInvestors betting against shares in Wirecard AG, the stricken German fintech company, hit a prodigious payday this week. For some passionate critics of the company, the reward wasn't just in money, but in vindication.
8:17 a.m. June 20, 2020 - By Shawn Langlois
‘Cooped-up’ millennial traders have sparked a new pandemic — it won’t end well, warns Princeton economist Burton G. Malkiel shared his thoughts Wednesday on what he describes as “the day-trading pandemic.”
1:34 p.m. June 19, 2020 - Barrons.com
Three Stocks That Could Benefit from Wirecard’s Collapse The troubled German fintech’s crisis may create a gap in the global digital payment ecosystem.
3:00 p.m. June 12, 2020 - Barrons.com
NortonLifeLock and Bancorp See Activist Actions Starboard Value sold 10.9 million NortonLifeLock shares to trim its stake in the cybersecurity firm to 5.6%. Castle Creek raised its stake in fintech firm Bancorp to 6.3%.
11:39 a.m. June 12, 2020 - Barrons.com
Ron Carson: A Huge Rival Will Challenge Advisors The head of $12 billion-asset Carson Wealth predicts one of the FAANG companies will crash the wealth management party. He also talks about the fat return his business has generated from buying a marketing boutique two years ago. And he explains why the firm’s foray into banking services is on hold.
11:24 a.m. June 12, 2020 - Barrons.com
Ron Carson: A Huge Rival Will Challenge Advisors The head of $12 billion-asset Carson Wealth predicts one of the FAANG companies will crash the wealth management party. He also talks about the fat return his business has generated from buying a marketing boutique two years ago. And he explains why the firm’s foray into banking services is on hold.
3:24 a.m. June 10, 2020 - By Ciara Linnane
IPO market gears up for another busy week with 8 deals expected to raise $2 billion Outdoor living product maker The Azek Co. and online used car website Vroom are expected to be biggest deals of the weekThe U.S. initial public offering market is gearing up for another busy week with eight deals on tap expected to raise about $2 billion, led by Azek Co., a maker of materials for outdoor living.
1:30 a.m. June 10, 2020 - Barrons.com
Can Fintechs Help Me Apply for a PPP Loan? Square, PayPal, Stripe, and other financial technology companies are playing a growing role in the Small Business Administration’s Paycheck Protection Program, helping walk potential borrowers through the application process.
12:59 p.m. June 4, 2020 - Barrons.com
Two Fund Giants Take a Bigger Role in Active ETFs BlackRock, the 800-pound gorilla of index exchange-traded funds, and Fidelity are taking bigger roles at the increasingly crowded active-management table.
1:57 p.m. May 28, 2020 - Barrons.com
Fintech Startup Marqeta Raises $150 Million Marqeta has raised $150 million in capital from an undisclosed institutional investor that values the highflying fintech at $4.3 billion.
4:00 a.m. May 28, 2020 - Barrons.com
Private-Equity Firm Goldfinch Buys Vesta Goldfinch is investing $125 million for more than 80% of Vesta, executives said. It’s the first time that Vesta, which provides technology that analyzes customers’ online payments transactions to determine the risk of fraud, will be owned by private equity.
9:37 a.m. May 26, 2020 - Barrons.com
UBS Sets Up Fintech Venture Fund The reported initiative aims to invest in technology that could streamline the Swiss bank’s operations.
8:57 a.m. May 26, 2020 - Barrons.com
OakNorth Looks to Sell $400M Stake OakNorth, a U.K. fintech backed by SoftBank, is seeking to sell a $400 million stake held by an investor, Barron’s has learned.
11:27 a.m. May 20, 2020 - Barrons.com
Visa Takes Stake in GoodData, Adding to Fintech Holdings Visa, which acquired several fintech companies in 2019, has taken a stake in a startup that helps companies embed analytics in their products.
7:16 a.m. May 20, 2020 - Barrons.com
Why PNC Shouldn’t Buy Another Bank It’s no secret PNC Financial is on the hunt for new opportunities, but buying a pure bank might not be the best move.
1:01 p.m. May 15, 2020 - Barrons.com
Tech Investment Banker Bistrong Joins Buyout Firm Jeff Bistrong is now a partner at private-equity firm HKW. He previously founded and led the technology, media and telecom advisory group at investment bank Harris Williams.
11:40 a.m. May 15, 2020 - Barrons.com
Technology Is at the Center of Worsening U.S.-China Relations The U.S. is taking steps to block chip shipments to China’s Huawei Technologies. Analysts are closely watching the battle for dominance in 5G, concerned that an escalation could hurt both countries.
4:00 a.m. May 15, 2020 - Barrons.com
Fiserv’s New CEO Sees a Changed Payments Landscape Covid-19 will alter the payments landscape, but Frank Bisignano said he isn’t sure how. “No one has a crystal ball to figure out what is going to be the new norm. There will be changes.”
8:37 a.m. May 14, 2020 - Barrons.com
TradingFront Debuts Tech Platform for Smaller RIAs The wealth tech firm says its new digital platform provides customer relationship management, rebalancing, compliance, performance reporting, and other services.
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