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Latest Articles in Wirecard
How Germany Considered Rescuing Wirecard Days Before Its Doom
The payment company filed for insolvency on June 25 last year, owing creditors almost $4 billion, after disclosing a 1.9 billion euro ($2.3 billion) hole in its accounts that its auditor EY said was the result of a sophisticated global fraud.
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Former Wirecard Boss Braun To Be Quizzed By German Lawmakers
Wirecard's demise also embarrassed the German government, which prides itself on a reputation for rectitude and reliability, amid criticism that authorities ignored red flags.
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Wirecard Creditors Claim At Least 12.5 Billion Euros
The claims to the Wirecard holding company were made at a meeting of creditors and the company's insolvency administrator in Munich.
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Wirecard Innovation Team Moves To Berlin-Based Fintech
Wirecard filed for insolvency on June 25 after admitting that 1.9 billion euros ($2.2 billion) held in overseas trustee accounts probably did not exist.
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Germany Must Toughen Audit Rules After Wirecard Scandal - Weidmann
Payment services company Wirecard filed for insolvency last month after admitting that 1.9 billion euros supposedly held in trustee accounts by overseas partners probably did not exist.
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German Prosecutors Probe Wirecard For Money Laundering
Wirecard filed for insolvency last month owing creditors almost $4 billion after disclosing a 1.9 billion euro ($2.1 billion) hole in its accounts that its auditor EY said was the result of a sophisticated global fraud.
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Deutsche Bank Still Evaluating Wirecard Bank Support - CEO
Germany's largest bank said last week that it was working with financial watchdog BaFin and Wirecard's insolvency administrator on possible support for Wirecard Bank.
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Wirecard Administrator Says Received Inbound Interest For Assets
Wirecard filed for insolvency last week owing creditors almost $4 billion after disclosing a 1.9 billion euro ($2.1 billion) hole in its accounts that its auditor EY said was the result of a sophisticated global fraud.
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Singapore's Grab Puts Partnership With Troubled Wirecard On Hold
The Monetary Authority of Singapore said on Tuesday that it had asked Wirecard to ensure that it keeps customer funds from its local activities in the country's banks.
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Former Wirecard CEO Arrested On Suspicion Of Falsifying Revenue - Prosecutors
Wirecard had said on Monday that 1.9 billion euros ($2.15 billion) it had booked in its accounts likely never existed, a black hole that threatens to engulf the payments company.
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Wirecard Shares Plunge 60% On Delayed Results, Looming Loan Crunch
Wirecard auditor EY had informed it that sufficient evidence could not be found for 1.9 billion euros ($2.1 billion) in cash balances on trust accounts - or around a quarter of its balance sheet total.
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Wirecard Shares Plunge As Dubai-Based Partner Shuts Shop
Shares closed 7.6% lower, the biggest faller on Germany's blue-chip DAX 30 index.
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German Watchdog Conducts Multiple Investigations Into Wirecard
BaFin president Felix Hufeld, speaking by phone to journalists, declined to spell out the nature of each line of inquiry but said there had been "multiple" probes.
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