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2 mins read
Scandal-ridden Wirecard's extraordinary rise and fall will be turned into a documentary charting its $2 billion accounting fraud saga
The multi-series show aims to highlight all that went wrong at the German fintech while detailing t…
Shalini Nagarajan
2 mins read
Famed short-seller Jim Chanos reportedly made $100 million betting against collapsed fintech Wirecard
Chanos increased his bets against Wirecard after the FT launched a public investigation into the co…
Shalini Nagarajan
2 mins read
Former Wirecard CEO Markus Braun was arrested for a 2nd time in relation to the company's $2 billion accounting scandal
Two other executives — Wirecard's former finance boss, Burkhard Ley, and Stephan von Erffa, ex-head…
Shalini Nagarajan
1 min read
2020 has been a rollercoaster ride for markets, with plenty of crashes, rallies, insolvencies, and stimulus packages. Here are the 15 top market moments so far.
Coronavirus sparked a chain reaction in global financial markets, and has become the dominant marke…
Saloni Sardana
2 mins read
An audit of Wirecard's key business in Europe and the US reportedly shows its internal financial numbers are far worse than previously thought
Underperformance of Wirecard's Asian operations have created challenges for the administrator who i…
Shalini Nagarajan
2 mins read
Wirecard stock jumps as much as 160% after a UK regulator eased restrictions on one of its key businesses
Thousands of customers were unable to access their cash after Wirecard filed for insolvency and its…
Shalini Nagarajan
2 mins read
Wirecard is 'beyond salvageable,' according to one analyst, who says the company's rivals won't be able to benefit from its downfall
Rivals can expect a "very small opportunity" for incremental business since most of Wirecard's tran…
Shalini Nagarajan
2 mins read
Regulators have ordered one of Wirecard's key businesses to stop all activities and frozen customer funds amid its $2 billion accounting scandal
Wirecard applied for insolvency on Thursday days after its CEO Markus Braun was arrested following …
Saloni Sardana
3 mins read
Short-sellers have raked in more than $1.2 billion on Wirecard this week after the company's dramatic share price plunge
Wirecard filed for insolvency on Thursday, just days after its former CEO was arrested on suspicion…
Saloni Sardana
2 mins read
Wirecard files for insolvency after a devastating scandal that saw $2 billion go missing and its ex-CEO get arrested
Wirecard said it filed an application to open insolvency proceedings "due to impending insolvency a…
Shalini Nagarajan
4 mins read
How Wirecard went from analyst darling to a $2.2 billion accounting scandal — and cost SoftBank hundreds of millions in the process
Business Insider rounded up a timeline of events that led to the downfall of the once valuable fint…
Shalini Nagarajan
2 mins read
Wirecard pops almost 30% as its former CEO is arrested in connection with the company's $2.2 billion accounting scandal
German prosecutors arrested Wirecard's ex-CEO Markus Braun on Tuesday on suspicions of false accoun…
Saloni Sardana
3 mins read
A forensic financial expert broke down how $2 billion vanished from the balance sheet of Wirecard, whose ex-CEO was just arrested
The German payments group Wirecard has come under intense scrutiny since it said $2 billion from it…
Shalini Nagarajan
2 mins read
Former Wirecard CEO Markus Braun has been arrested in Germany, days after the company reported that $2.2 billion was missing
An arrest warrant was issued by Munich police in name of the former paper billionaire for market ma…
Shalini Nagarajan
1 min read
Wirecard stock plummets 37% after the payments firm says $2 billion in missing cash likely doesn't exist
Wirecard's CEO resigned on Friday, and the fintech firm's share price nosedived by 80% over two day…
Shalini Nagarajan
1 min read
Wirecard's shares tumble 65% after the payments processor says it is unable to trace $2 billion worth of cash
Wirecard said that "spurious cash balances" may have been provided by a third-party to its auditor …
Shalini Nagarajan
1 min read
The head of a German watchdog is under fire after revealing he traded shares in disgraced fintech Wirecard just before its collapse, report says
Ralf Bose, head auditor at Apas, told a committee hearing on Thursday he bought Wirecard shares in …
Shalini Nagarajan
2 mins read
The Philippines is investigating Wirecard and its missing $2 billion, and a local lawyer says he's being framed, say reports
Wirecard collapsed after its CEO was arrested and it admitted a missing $2 billion probably didn't …
Shona Ghosh
2 mins read
A Deutsche Bank board member advised Wirecard's former CEO to 'finish' the Financial Times, report says
Alexander Schuetz, the board member, is said to have exchanged a set of controversial emails with t…
Shalini Nagarajan
1 min read
The 22 biggest tech scandals of 2020, from the unprecedented Twitter hack to the makers of 'Fortnite' declaring war on Apple
Quibi CEO Meg Whitman in January.Reuters