Inside Wirecard, a Deposit-Taking Bank Helped Fuel the Growth - BNN Bloomberg
Before its dramatic fall from grace last week, Wirecard AG counted on a small banking unit just outside of Munich to help drive stellar growth in its main payments business.Now Wirecard Bank AG, which attracts deposits by offering customers market-leading interest rates, is at the center of attention as clients ask if they'll get their money back, regulators watch warily for fallout in the financial system and investors worry whether the parent company has any kind of future.
