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BaFin chief pushed out over dealing with of Wirecard scandal

BaFin chief pushed out over handling of Wirecard scandal

Germany’s finance minister has pushed out Felix Hufeld, head of the nation’s monetary watchdog BaFin, over his dealing with of the Wirecard scandal, the worst accounting fraud within the nation’s postwar historical past.In a press release, Olaf Scholz mentioned the Wirecard affair had revealed that Germany’s system of economic regulation “must be reorganised, in order that it may fulfil its supervisory position extra successfully”. The federal government didn't instantly title a successor for the 59-year-old, who had run BaFin since 2015. Mr Hufeld’s deputy Elisabeth Roegele, who's accountable for monetary markets supervision, will keep in her position. BaFin has been…

Do you need to refinance your mortgage if you are retired?

Making a mortgage refinance has both advantages and disadvantages. (iStock)Debt can be a source of stress in an otherwise relaxing retirement. According to Federal Reserve Bank of New York, Americans in the 60s owed a total debt of $ 2.14 trillion in 2019, while 70-year-olds owed $ 1.1 trillion.Retirement mortgage debt can put a strain on your financial resources, especially if your income drops significantly when you switch to living off your savings instead of drawing a constant paycheck. A refinancing mortgage can help ease the financial pressure.Do you need to refinance your mortgage if you are retired? Deciding whether…

How to get the private Jet experience from $ 79

Let's say you charter the entire private jet from $ 4,000 to $ 20,000 Per hour is outside your budget. You do not want to try your luck at a discount, but are inclined to cancel empty legs. Still, you long for reduce potential COVID-19 exposure by flying with fewer people. Jet sharing may be your best option. XO allows you to book single seats on scheduled flights running from private jet terminals. FlyXO.com website What is beam splitting? Jet sharing comes in different forms and there is nuance to the possibilities. In all cases, the common denominator is that…

The Texas woman who took a private jet to DC to ‘storm the Capitol’ has been charged

Jenna Ryan, the North Texas real estate agent who took a private plane to participate in the U.S. Capitol protest that developed into a violent uprising on January 6, has been accused of deliberately entering or remaining in a restricted building without lawful authority and disorderly conduct for Capitol reasons, according to a complaint filed in the U.S. District Court of the District of Columbia. In a submission from the Ministry of Justice filed Jan. 15, prosecutors said authorities recovered a deleted Facebook live video showing Ryan entering the Capitol building through the Rotunda entrance. Rebels stormed the U.S. Capitol…

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