The court-appointed administrator guiding Wirecard AG’s insolvency said dozens of investors have emerged to buy what’s left of the Munich-based payments company, Reuters reported. Get...
In today’s top news, a Federal Reserve official warns the surge in coronavirus cases could dampen economic recovery, and the CEOs of the four biggest...
Wirecard executive Oliver Bellenhaus, 46, has been arrested in Munich for his alleged central role in the massive worldwide fraud case currently enveloping the company,...
In today’s top news, Uber has agreed to buy Postmates for $2.6 billion in stock, and Amazon is planning to expand its Amazon Go grocery...
As details about the failed management of Wirecard AG unfold, it becomes clear that the company’s core business has been losing cash for years, the...
The former chair of the London Stock Exchange is calling for a thorough overhaul of audit standards in the wake of the $2.1 billion Wirecard...
The president of the Federal Financial Supervisory Authority (BaFin), Germany’s financial regulator, said the $2.1 billion accounting scandal at the center of Wirecard AG’s insolvency was a...
Deutsche Bank, the Frankfurt-based multinational financial services company, is in talks with regulators to rescue Wirecard Bank, the deposit-taking division of the German payment company that...