Articles with tag: bankruptcy

Found 4 results in 175 milliseconds.

Wirecard to cease payment services in Singapore, MAS directive

02 Oct 2020 | Online Payments

The Monetary Authority of Singapore (MAS) has directed Wirecard entities to cease their payment services in Singapore, according to straitstimes.com.

MAS, Wirecard, payment services, Singapore, payment services, Monetary Authority of Singapore, customer funds, Germany, digital payments, bankruptcy, bank accounts, Phillipines, APAC, Asia Pacific, Pasir Panjang, Wirecard SG, merchants, e-payments, Nets, PayNow, SGQR, pre-paid cards, credit cards, card payments

Commodity trade finance faces difficulties in revenues following scandals

14 Aug 2020 | E-invoicing, SCF & E-procurement

Commodity trade finance has observed slumping revenues in the second quarter of 2020 as some banks pulled the plug on their operations following scandals, according to fnlondon.com.

commodity trade finance, trade finance, revenue, scandal, banks, Coalition, Hin Leong Trading, Singapore, bankruptcy, HSBC, ABN Amro, commodity finance, Phoenix Group, Standard Chartered, BNP Paribas, Societe Generale, Europe, Middle East, Africa

USD 556 mln lost by Punjab National Bank to fraudulent buying

09 Jul 2019 | Digital Identity, Security & Online Fraud

The Wall Street Journal has revealed that Punjab National Bank had been defrauded USD 556 million from a borrower, Bhushan Power & Steel.

Punjab National Bank, fraud, scam, borrower, banks, the Reserve Bank of India, loan, bankruptcy, accounts, scandal, supply chain, liquidity, credit, fraudulent activity

Payless closes its 2,100 US stores and plans to shut down online store

19 Feb 2019 | Ecommerce

Payless, the discount shoe store, has announced it will close all its stores in the US and Puerto Rico and has planned to shut down its online store.

Payless, the US, Puerto Rico, stores, online store, bankruptcy