U.K. financial regulators froze the British operations of Wirecard AG, disrupting an upstart digital bank that depended on the now-insolvent German payments company. Wirecard Card Solutions, based in Newcastle Upon Tyne in northeast England, isn’t allowed to dispose of any funds or assets, or carry on its normal financial business, the U.K.’s Financial Conduct Authority said Friday. Wirecard’s...

Source: Wall Street Journal June 26, 2020 13:09 UTC