Bloomberg Business

Former Wirecard COO Sends Sign of Life Three Years After Vanishing

Former Wirecard AG Chief Operating Officer Jan Marsalek contacted a Munich court through his lawyer, the first sign of life after the Austrian-born executive disappeared three years ago during the dramatic collapse of the German payments company.

UBS-Backed Startup TP24 Raises £345 Million from Barclays, M&G

TP24, a financial technology firm whose backers include UBS Group AG, has raised £345 million ($449 million) in debt funding from Barclays Plc and asset manager M&G Plc to boost lending to small-and-medium sized enterprises in the UK, the Netherlands and Australia.

Turkish Rates Anomaly Persists With Policy Reboot Going Slow

Turkish savers still get far higher interest on deposits than lenders charge for commercial credit, an anomaly that’s likely to persist with the central bank set to slow its already “gradual” monetary tightening.

Thai PM Hopeful Pita Awaits Parliament Debate on Eligibility for Re-Nomination

Thai politician Pita Limjaroenrat’s renewed attempt to win parliament’s support to become the next prime minister was overshadowed by a court decision to suspend his status as a lawmaker, highlighting the many hurdles the pro-democracy leader faces in his quest to end nearly a decade of military rule.

Rags-to-Riches Wealth Fund Veteran Plans to Run for Singapore President

The former chief investment officer of Singapore sovereign wealth fund GIC Pte. and chairman of multibillion-dollar investment firm Avanda Investment Management, Ng Kok Song, plans to run for president, pitting him against his one-time superior, Tharman Shanmugaratnam.

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