The fallout from the financial collapse of Wirecard has temporarily taken down payment card services Curve, Pockit and many others. Wirecard collapsed on Thursday with debts of almost $4 billion, ...
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Commerzbank warned Germany’s financial watchdog about money laundering risks at Wirecard in early 2020, ...
Wirecard AG (OTC: WRCDF) shares have collapsed in the past two days after the company said it could not account for $2.1 billion in cash that was listed on its balance sheet. On Thursday, Wirecard ...
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The FT Wirecard investigation began with a tip from a hedge fund manager to Dan McCrum, a reporter on the title’s Alphaville markets blog. “Would you be interested in some German gangsters?” This lead ...
Wirecard's long-time auditors, Ernst & Young, accused their client of "an elaborate and sophisticated fraud" that allowed more than US$2 billion to go missing. Now that Wirecard has filed for court ...
Spanish-owned bank Santander has acquired the technology assets from disgraced payments firm Wirecard - but it’s not taking on legal liability for the collapsed business. Wirecard caused enormous ...
The 1999 established payment processor and financial service provider company Wildcard offered customers electronic payment transactions and risk management services. They used to process and issue ...
From inside its grey corporate headquarters in Aschheim outside Munich, Wirecard projects an image of one of Germany’s leading business success stories, a fintech champion to rival software giant SAP.
Wirecard AG has temporarily suspended its outgoing chief operating officer after revealing that auditors couldn’t find about 1.9 billion euros ($2.1 billion) in cash, spooking investors and casting ...
The former CEO of the German payments firm Wirecard was arrested on Tuesday on suspicion of falsifying accounts, after the company disclosed a $2.1 billion financial hole and questioned whether ...
Wirecard has filed for insolvency, just days after a $2 billion accounting scandal at the company burst into the open, crashing its stock and leading to the arrest of its former chief executive. The ...