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The UK financial regulator has ordered Wirecard’s UK subsidiary, Wirecard Card Solutions (WCS), to halt all activities just 24 hours after its German parent company filed for insolvency. AltFi reports:
1. UK – FinTech
Cash usage is fastest decliningin the UK, compared with the rest of Europe during coronavirus: research from Accenture.
AltFi has the tale.
OakNorth’s chief financial officer, Cristina Alba Ochoa, is to step down from her role. AltFi reports:
Mondovisione carries the text of an online speech made by Charles Rendell, chair of the FCA: