Alibaba is displaying all of its jewelry. Quarterly sales growth in its main business, retail, has picked up. But cloud computing is growing almost twice as fast, while the subsidiary fintech Ant is on his way to an epic public offering for sale. Things are back to normal for the e-commerce giant. Sales in China’s … Read more
Spendit office in Munich The financial start-up cooperates with the British Wirecard subsidiary Wirecard Card Solutions (WDCS). This is causing problems now. – (Foto: Spendit AG) – – – – Frankfurt A few days after Wirecard filed for bankruptcy, the consequences for the company’s customers are becoming increasingly clear. In addition to financial start-ups (fintechs), dealers … Read more
Jan Marsalek The former Wirecard board is said to be in Asia. – (Photo: Wirecard) – – – – Düsseldorf, Frankfurt This Monday, long-time Wirecard board member Jan Marsalek should actually face the Munich public prosecutor. In any case, the manager searched for by arrest warrant in the Dax group’s balance sheet scandal had announced … Read more
Missing billions at Wirecard The German government accuses the privately organized DPR of failing to audit Wirecard’s balance sheet. – (Photo: dpa) – – – – Düsseldorf On July 3, 2015, the then Federal Minister of Justice Heiko Maas (SPD) put warm words into a speech. He spoke on the tenth anniversary of the German … Read more
The new CEO James Freis and Supervisory Board Chairman Thomas Eichelmann had been negotiating with the approximately 15 creditor banks since the penultimate Friday. Under the leadership of Commerzbank, Landesbank Baden-Württemberg and the two major Dutch banks ABN Amro and ING, they granted Wirecard a credit line of EUR 1.75 billion about two years ago. … Read more
Wirtschaftsprüfungsgesellschaft EY A wave of lawsuits is rolling towards the company. – (Foto: Getty Images; Per-Anders Pettersson) – – – – Düsseldorf In the event of balance sheet scandals, the accounting firms of the companies concerned are also the focus of criticism. After all, it is they who, in a kind of sovereign act, attest to … Read more
Wirecard headquarters in Aschheim near Munich Transactions in India, unsecured loans. No one knows where Wirecard’s money really went. – (Foto: Bloomberg) – – – – Düsseldorf In the balance sheet scandal of the Dax group Wirecard, there are indications that, in addition to probably non-existent funds of EUR 1.9 billion, real funds in the high … Read more
BDO in Manila The search of the 1.9 billion euros of Wirecard was at the Bank in the Philippines in vain. – (Photo: Bloomberg) – – – – Frankfurt/Munich That Wirecard is currently one of the largest financial scandals in the German economy plays in history, shows visitors to the group’s headquarters on Monday only … Read more
– Wirecard The payment processor has not submitted its balance sheet again. – (Photo: dpa) – – – – Düsseldorf The payment service provider Wirecard has postponed its long-awaited financial statements for the fourth Time. There are billions of serious ambiguities in the results, as the Dax group announced on Thursday in Aschheim near Munich. … Read more
– Markus Braun The Wirecard boss had repeatedly used weaknesses in the share price for acquisitions in recent years. – (Photo: Bloomberg / Getty Images) – – – – Munich Wirecard boss Markus Braun has massively increased his stake in his own company. Through his MB Beteiligungsgesellschaft he bought Wirecard shares worth almost 2.5 million … Read more