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Wirecard

German lawmakers grill Scholz over Wirecard scandal
World

German lawmakers grill Scholz over Wirecard scandal

  • Scholz entered the closed-door meeting in the parliament's finance committee without giving a statement to reporters.
  • Scholz last week rushed out a reform agenda that would give financial watchdog BaFin greater investigative and enforcement powers.
Published 29 Jul, 2020 11:06pm
German finance minister under fire over Wirecard warnings
World

German finance minister under fire over Wirecard warnings

  • Wirecard collapsed spectacularly last month after admitting that 1.9 billion euros ($2.2 billion) missing from its accounts likely did not exist.
  • Scholz has described the Wirecard scandal as "unparalleled in the financial world" and called for reforms of the country's finance watchdog Bafin.
Published 17 Jul, 2020 08:33pm
Spying claims are latest twist in Germany's Wirecard thriller
Markets

Spying claims are latest twist in Germany's Wirecard thriller

  • Jan Marsalek, Wirecard's former chief operating officer, has vanished since the technology company was busted for what accountants described as an "elaborate and sophisticated fraud".
  • Wirecard's former chief executive and founder Markus Braun turned himself in to police, but Marsalek is at large.
Published 10 Jul, 2020 06:23pm
Deutsche Bank still evaluating Wirecard Bank support
Business & Finance

Deutsche Bank still evaluating Wirecard Bank support

  • 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.
  • "We all now need transparency and that's the first task to be done," Sewing said at a webcast event organised by Bloomberg News.
Published 07 Jul, 2020 06:19pm