Tag Archives: Wirecard AG

The electronic card scandal casts a shadow on governance

The Wirecard logo is seen at the headquarters of the payment company in Aschheim, near Munich, southern Germany, on June 24, 2020. Christof Stache | AFP via Getty Images Wirecard’s dramatic fall from grace has put corporate governance and industry regulation in Germany firmly in the spotlight. The Munich-based payment …

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Investor group files criminal complaint against EY auditors

Letters from payment service provider Wirecard can be seen on a laptop screen Silas Stein | image alliance | fake pictures German shareholders association SdK has filed a criminal complaint against the auditors of the outrageous payments firm Wirecard. SdK’s complaint is directed at two current and one former employee …

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Investors Monitor US Coronavirus Cases, Hopes for Recovery

European markets advanced on Friday morning despite rising cases of coronavirus in the US and additional warnings about a second market crash from the International Monetary Fund (IMF). The pan-European Stoxx 600 rose 0.6% in initial trade, with tech stocks adding 1.2% to lead gains as all sectors and major …

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German payments company Wirecard files for insolvency

An illuminated logo is found outside the Wirecard headquarters in the Aschheim district of Munich, Germany. Michaela Handrek-Rehle | Bloomberg | fake pictures Wirecard will file an application to open insolvency proceedings in the Munich district court, the company said Thursday. The company said in a brief statement that management …

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European markets react to increase in coronavirus cases

European stocks opened lower on Wednesday due to an increase in US coronavirus cases. USA And beyond that, and regional outbreaks in Germany scared investors. The pan-European Stoxx 600 fell 1.5% during initial trade, with all sectors and major exchanges in negative territory. Car stocks, which were 2.3% lower, led …

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