DGermans fell for a huge fraud. Until June 18, Wirecard was considered a beacon of hope for the economy, which had made it into the German share index Dax. The group was worth twelve billion euros. The payment service provider filed for bankruptcy on Thursday. Wirecard is now worth 176 million euros. It is now … Read more
A chain reaction starts. Wirecard-Run leads to bankruptcy and probably to liquidation. Ernst & Young and ex-board members in the twilight. For many investors and observers, it is hard to believe that a DAX group that previously had the best prospects and whose business was flourishing can slip into bankruptcy within seven days (June 25, … Read more
The federal government is moving after the billion dollar scandal of the Dax group Wirecard first consequences. The Federal Ministry of Justice and the Federal Ministry of Finance will terminate the contract with the German Accounting Office (DPR). Both ministries had agreed on this, a spokesman for the justice department confirmed on Sunday. The “Bild … Read more
Berlin The district court in Munich was chosen by a man from the front row of German insolvency administrators: Michael Jaffé (56), as an expert, is to prepare the expert opinion on Wirecard AG’s insolvency application. This gives the Munich lawyer good chances of being appointed as the Group’s provisional insolvency administrator. Over the past … Read more
“Stuttgarter Nachrichten” on Wirecard scandal The climb was breathtaking. In less than two decades, a small, not very successful information service provider became a global payment service company whose shares are listed in the German stock index (Dax), the top league of the German stock exchange elite. Even a merger or at least close cooperation … Read more
The credit card provider Visa and Mastercard According to insiders, rethink their business relationships with the payment service provider Wirecard, which is involved in a billion scandal . Corporations are considering depriving Wirecard of the ability to route payments through their networks, the Bloomberg news agency wrote on Thursday evening, citing individuals familiar with the … Read more
(Wirecard added in the heading) NEW YORK (dpa-AFX) – The credit card provider Visa and Mastercard According to insiders, rethink their business relationships with the payment service provider Wirecard, which is involved in a billion scandal . Corporations are considering depriving Wirecard of the ability to route payments through their networks, the Bloomberg news agency … Read more
Wirecard: EU Commission engages in European financial supervision BRUSSELS – In the Wirecard Scandal, the EU Commission is now turning on the European financial regulator ESMA. The supervisors should take a close look at the collapse of the Munich payment service provider and possible omissions by the supervisory authorities. A preliminary investigation report should be … Read more
The share of Wirecard (WKN: 747206) was also unable to find peace at the end of the week. At the end of Xetra, the share certificates with a share price level of EUR 1.42 (June 26, 2020, decisive for all prices) went out of trading. With another drop of over 54%, the crisis has worsened. … Read more
The strong mid-week setback on the US stock markets is likely to continue on Thursday given the fear of a second corona wave. The US futures had recently come back further. Around three quarters of an hour before the start of trading, the broker IG appraised the leading index Dow Jones Industrial with 0.88 percent … Read more