Change Financial (CCA) has pocketed a neat refund from its recent Wirecard buyout, slashing the effective cost by around $1.35 million.
Change announced the purchase in September, at the time offering $7.8 million for full control of the embattled financial services business.
Wirecard provides card management and payment platform solutions, but the company fell into voluntary administration in July 2020. Before going under, Wirecard’s tech hosted more than 120 customers across 35 countries, many of which were blue-chip stocks. Read more…..
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Austan Goolsbee, former Council of Economic Advisers chairman under President Obama, and Jeb Hensarling, former Republican congressman, join CNBC’s presidential election coverage to discuss what the early results mean for the state and local governments.