Articles with tag like: bankruptcy

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Deutsche Bank looks to expanse commodity trade finance offering

News | E-invoicing, SCF & E-procurement | 03 Dec 2020

Deutsche Bank has announced plans to grow its business in commodity trade finance, at a time when Europe-based lenders retreat from the sector, according to spglobal.com.

Deutsche Bank, commodity, trade finance, value chains, Europe, lender, ABN AMRO Bank, BNP Paribas, Societe Generale, bankruptcy, pandemic

Wirecard to cease payment services in Singapore, MAS directive

News | Online Payments | 02 Oct 2020

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

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

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

News | Digital Identity, Security & Online Fraud | 09 Jul 2019

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

News | Ecommerce | 19 Feb 2019

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

Sears files for Chapter 11 bankruptcy

News | Ecommerce | 15 Oct 2018

Sears has announced that it filed for Chapter 11 bankruptcy with a plan to close 142 more stores.

Sears, bankruptcy, ecommerce, retail, US