Deutsche Bank's chief executive said on Tuesday it was premature to say how the lender might aid the banking unit of collapsed payments service provider Wirecard.
FILE PHOTO: The logo of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions, is pictured at its headquarters in Aschheim, near Munich, Germany, July 1, 2020. REUTERS/Andreas Gebert/File Photo
Germany’s largest bank said last week that it was working with financial watchdog BaFin and Wirecard’s insolvency administrator on possible support for Wirecard Bank. “We all now need transparency and that’s the first task to be done,” Sewing said at a webcast event organised by Bloomberg News.
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