Julian Hosp The Austrian entrepreneur and blockchain expert founded the Cake Defi platform in June 2019. (Foto: Xing / Julian Hosp) Düsseldorf The German financial regulator Bafin is investigating the Cake Defi crypto project. “The content on the Cake Pte. Ltd. operated website cakedefi.com justify the assumption that the company conducts unauthorized banking or financial services … Read more
Deutsche Bank headquarters in Frankfurt am Main The bank wants to accept the fine from the Bafin. (Photo: dpa) Frankfurt The financial supervisory authority BaFin has sentenced Deutsche Bank to a fine of EUR 8.66 million. Germany’s largest financial institution has temporarily not effectively implemented the preventive measures specified in a European regulation, which are … Read more
Bad losses Chinese tech stocks like Alibaba, Didi and Tencent fell sharply in value in 2021. (Photo: dapd) Düsseldorf It’s a huge number: Chinese stocks in the US have lost more than a trillion dollars in market value this year. Chinese tech giants Alibaba and Tencent even lost their places in the top ten most … Read more
It had become a little quieter around the Chinese real estate company Evergrande. But now investors and business partners have been startled again: It’s about the finances again. The heavily indebted Chinese real estate giant Evergrande has warned of possible payment difficulties. After a review of the financial resources, no guarantee can be given that … Read more
Evergrande The real estate company is apparently facing new payment difficulties. (Photo: Reuters) Peking The heavily indebted Chinese real estate giant Evergrande has warned of possible payment difficulties. After a review of the financial resources, no guarantee can be given that the group will have sufficient funds to meet its financial obligations, the company said … Read more
Markus Braun Investigators accuse Braun and other Wirecard managers of commercial gang fraud. (Photo: Reuters) Wien Investors in the insolvent German payment service provider Wirecard can sue former CEO Markus Braun in Austria. The reason for this is Braun’s residence in Vienna, as confirmed by the Innsbruck Higher Regional Court on Friday. Viennese lawyers had … Read more