Commerzbank Ag news and trends

European Banks to Isolate Russian FI Computer Networks

March 14, 2022
Russia, EU, sanctions
Wirecard Lenders On The Hook For Millions
Security & Fraud // August 06, 2020

Wirecard AG’s bankruptcy filing is not just having an impact on the once bright German payments company — its insolvency has left a huge gap in European banks’ income statements, Bloomberg News reported. Three of the biggest lenders to the FinTech leader have filed earnings reports...

Quick Reads
European Banks to Isolate Russian FI Computer Networks

March 14, 2022
In the latest move to protect Ukraine from Russian cyberattacks following the invasion, European banks with branches in Russia are separating those financial institutions (FIs) from their computer networks, Bloomberg reported Monday (March 14). Commerzbank AG, one of the largest banks in Germany, is readying to suspend its Russian unit from its network, sources told […]

Wirecard Lenders On The Hook For Millions

August 06, 2020
Wirecard AG’s bankruptcy filing is not just having an impact on the once bright German payments company — its insolvency has left a huge gap in European banks’ income statements,...