None of the $2.1 billion missing from scandal-hit German payments firm Wirecard AG appears to have entered the Philippine financial system, the central bank said on Sunday. Bangko Sentral ng Pilipinas Governor Benjamin Diokno said in a statement the Southeast Asian country’s biggest lenders, BDO Unibank and Bank of the Philippine Islands , suffered no losses, despite having been named in connection with the missing funds. The chief executive of Wirecard, Markus Braun, who built the company into one of the hottest financial technology investments in Europe and a rare tech champion for Germany, quit on …read more
Source:: Yahoo Finance
