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4 mins read

After Adani, Hindenburg targets SEBI chief, she calls allegations baseless, character assassination

Hindenburg alleged that Buch and her husband had undisclosed investments in obscure offshore funds …

PTI   


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Hindenburg alleges Sebi head Madhabi Buch had stakes in obscure offshore funds used in Adani scandal

Citing "whistleblower documents", it said, "Madhabi Buch, the current chairperson Of SEBI, and …

PTI   


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2 mins read

A short-seller who took on Wirecard is betting against Tesla, saying its price is out of whack with Toyota and VW

Elon Musk's Tesla has been the scourge of short-sellers, but Fraser Perring is jumping back in.

Harry Robertson   


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2 mins read

The massive selloff in Adani shares eclipses those of other short-seller targets like Enron and Wirecard

Adani Group companies lost $110 billion in market value in under two weeks — that's more than Enron…

Huileng Tan   


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2 mins read

SoftBank executives set to lose hundreds of millions on complex Wirecard trade inspired by Warren Buffett

Wirecard's share price has tanked 80% in the last few days, likely erasing gains that a small group…

Carmen Reinicke   


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2 mins read

Wirecard has been kicked out of Germany's benchmark stock index, the latest embarrassment in its $2 billion scandal

Wirecard is leaving the DAX effective August 24 after the it was accused of a $2 billion accounting…

Saloni Sardana   


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Wirecard stock will plummet to one euro as accounting scandal scares away clients, Bank of America says

A clear look at Wirecard's true value "is unlikely to arise for some time" as clients likely flee f…

Ben Winck   


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2 mins read

A 2nd Wirecard executive gets arrested following $2 billion accounting scandal

German prosecutors didn't name the executive, but arrested the managing director of Wirecard's Duba…

Saloni Sardana   


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2 mins read

Wirecard's former No. 2 has disappeared after its $2 billion accounting scandal, and nobody knows where he is

The German fintech's former chief operating officer Jan Marsalek has not been in contact with Wirec…

Saloni Sardana   


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3 mins read

Saloni Sardana   


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2 mins read

Wirecard is set to miss the very first payment on $561 million worth of debt and join the notorious 'no coupon' club

Wirecard is due to make an interest payment of 0.5% in September on $561 of bonds but it is almost …

Saloni Sardana   


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2 mins read

The UK's financial watchdog has allowed one of Wirecard's key businesses to resume operations after it froze all accounts last week

This comes after the Financial Conduct Authority had ordered Wirecard Card Solutions to cease all r…

Saloni Sardana   


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2 mins read

Wirecard stock soars 185% as it bounces after its week from hell, but is still down 97% in 2020

German fintech filed for bankruptcy on Thursday following days of turmoil which saw its former CEO …

Saloni Sardana   


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2 mins read

Wirecard dives 75% as it files for insolvency following its $2 billion accounting scandal

Wirecard's CEO Markus Braun resigned and was arrested on charges of alleged market manipulation and…

Saloni Sardana   


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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   


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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   


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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   


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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   


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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   


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Legendary short seller Jim Chanos is closing his hedge funds. Here are 4 of his most famous bets over the years.

"It is no secret that the long/short equity business model has come under pressure and interest in …

Filip De Mott