Senior Reporter

Battered German fintech company Wirecard AG filed for insolvency proceedings, a week after auditors found a $2bn hole in its balance sheet.

The company, which specialises in payments processing, said on 24 June it filed an application to open insolvency proceedings in the Munich district court.

Wirecard files for insolvency after revealing $2bn accounting hole

Patricia Kowsmann

Wirecard

Citi shuts Málaga office it opened to battle banker burnout

A&O Shearman boss Hervé Ekué: ‘My godfather was accused in a failed coup… he inspired me to be a lawyer’

A&O Shearman boss Hervé Ekué on skyrocketing pay rises: ‘We haven’t reached the top’

Fiera Capital managing partner Catherine O’Reilly exits

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The former Goldman Sachs  and TCI Fund Management employee has also stepped down from her board role at UK trade body the Investment Association

Who is JPMorgan’s new UK private banking boss?

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Maricé Brown is ‘JPMorgan through and through’ but is an unfamiliar name in the City

Ex-Bank of America trader joins Sumo as head of systematic fixed income trading

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Jugakalpa Das’ six-member pod will start trading for Sumo in July

Israel’s attack on Iran gave the greenback a boost after a long stretch of trouble. But the long-run prospects for the dollar don’t look good.

The shipments have propelled Ireland, a country of only 5.4 million people, to the second-largest goods-trade imbalance with the U.S., trailing only China.

How Weight-Loss Drugs Blew Out the U.S. Trade Deficit

The satellite operator said the capital increase would support its strategy, driven by strong market momentum in the Low Earth Orbit-enabled connectivity market.

Eutelsat Shares Jump on Potential $1.55 Billion Capital Increase

The uptick was likely fuelled by easing price inflation and a cut to interest rates in May.

U.K. Consumer Sentiment Edges Up Again Despite Global Turbulence

The unprecedented pace of change brought by AI is forcing the software maker to reinvent itself, said Salesforce’s chief futures officer.

Salesforce Not Taking Survival for Granted in AI Era, Top Strategist Says

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Financial News

War Brings Out the Best in the Dollar

How Weight-Loss Drugs Blew Out the U.S. Trade Deficit

Eutelsat Shares Jump on Potential $1.55 Billion Capital Increase

U.K. Consumer Sentiment Edges Up Again Despite Global Turbulence

Salesforce Not Taking Survival for Granted in AI Era, Top Strategist Says