U.K. Regulators Suspend Wirecard’s British Operations

U.K. financial regulators froze the British operations of insolvent German payments group, Wirecard AG, in the latest government effort to contain a $2 billion-plus scandal.

Wirecard Card Solutions, based in Newcastle Upon Tyne in northeast England, can’t dispose of any funds or assets, or carry on its normal financial business, the U.K.’s Financial Conduct Authority said Friday.


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