EY fined over audits of failed German payments firm WirecardGermany's APAS accounting oversight body said it imposed the fine for breach of professional duty in auditing Wirecard from 2016 to 2018. I...
03 Apr, 2023, 10.41 PM IST
Wirecard witness admits guilt but pins German fraud blame on ex-CEOWirecard's downfall two years ago shook the German business establishment, putting politicians who had backed it and regulators who took ye...
19 Dec, 2022, 04.56 PM IST
For bear stock pickers, 2023 is full of rich pickingsSome $321 billion worth of U.S. and European speculative-grade debt is due for refinancing over the next 12-14 months. Defaults may double ...
16 Dec, 2022, 12.52 PM IST
Wirecard boss's lawyer calls allegations 'absurd' in fraud trialWirecard CEO Markus Braun and two other managers are on trial on charges including market manipulation and fraud and could be sentenced for...
12 Dec, 2022, 06.22 PM IST
Singapore’s Nium to acquire Wirecard’s forex unit in IndiaThe acquisition of Wirecard Forex will mark Nium’s entry into the Indian market, where it will directly engage in a variety of payment serv...
07 Jul, 2021, 09.55 AM IST
Wirecard’s Indian deal started with ‘fraud’, UK judges sayThe transactions in 2015 are being scrutinised in courts in London and Chennai, with the former minority holders of Hermes I-Tickets Pvt. L...
03 Mar, 2021, 03.13 AM IST
UK's Big Four auditors await shake-up as corruption probes add upUK authorities want the industry to separate audit and consulting activities, while increasing oversight and competition following allegati...
30 Nov, 2020, 03.43 PM IST
Why the Wirecard Scandal is relevant for India - Chapter 2: Need to protect the whistleblowerA review of the history of the Wirecard scam reveals that the questionable conduct of its business operations, the unaccounted high volume ...
12 Sep, 2020, 11.01 AM IST
Why the Wirecard scandal is relevant for India - Part 1: Regulators and fintech boomCOVID-19 pandemic, the enthusiasm for fintech services and fintech software in daily transactions involving monies has been palpable everyw...
05 Sep, 2020, 12.14 PM IST
Spying claims are latest twist in Germany's Wirecard thrillerOnce a darling of the fintech scene, the payments provider filed for insolvency in June after being forced to admit that 1.9 billion euros ...
10 Jul, 2020, 10.48 PM IST
Pine Labs eyes Asia operations of sinking WirecardAt least four major payment deployers, including Hitachi Payments and Atos-backed Wordline Technology, have made enquiries about its sale, ...
04 Jul, 2020, 08.57 AM IST
Germany to sever ties with accounting watchdogBild am Sonntag newspaper reported earlier on Sunday that the Justice and Finance Ministries would on Monday cut ties with the FREP, a quas...
29 Jun, 2020, 07.02 AM IST
EU investigating German watchdog over Wirecard collapseWirecard's implosion on Thursday, owing creditors almost $4 billion, is shaping up to be one of Germany's biggest corporate scandals, and r...
26 Jun, 2020, 11.38 PM IST
Scandal-hit Wirecard files for insolvencyWirecard AG filed for insolvency, the culmination of a stunning accounting scandal that led to the arrest of its CEO and left the German pa...
26 Jun, 2020, 04.08 AM IST
Wirecard CEO Markus Braun quits as search for missing billions hits dead end in AsiaMarkus Braun, who built the German company into one of the hottest investments in Europe, leaves Wirecard facing a looming cash crunch amid...
19 Jun, 2020, 05.29 PM IST
Wirecard stock slides on India report, sell callWirecard shares extended early losses and dropped as much as 10 percent in Frankfurt on Friday.
15 Mar, 2019, 07.59 PM IST
European shares flat as Brexit impasse sinks inLondon's FTSE was also little changed, down 0.1 per cent as the pound recouped some of its losses.
13 Mar, 2019, 02.40 PM IST