Wirecard

UPDATED: Wirecard ‘wake-up call’ prompts EU company reporting reform

The European Union will apply lessons from the Wirecard scandal by proposing stricter rules next year for company financial reporting and auditors, its financial services chief said. The payments company…

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UPDATED: Germany’s Merkel rejects criticism of her Wirecard lobbying in China

German chancellor Angela Merkel rejected criticism of her lobbying for Wirecard in China months before it collapsed, telling lawmakers she had no reason to suspect the firm of criminality as…

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EY’s Wirecard audits suffered serious shortcomings, German probe finds- FT

EY’s audits of defunct payments group Wirecard suffered from serious shortcomings over a period of years, a German investigation has found. Financial Times reports that EY is said to have…

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EU watchdog urges tighter rules to prevent another Wirecard scandal

LONDON, March 3 (Reuters) - European Union rules on company financial information need to be updated to apply the lessons of the collapse of German payments firm Wirecard, the bloc's…

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Former Wirecard boss Braun to be quizzed by German lawmakers

Wirecard's former boss Markus Braun is due to appear before a German parliamentary committee on Thursday, temporarily leaving jail to testify over the collapse of what was once hailed as…

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Wirecard’s creditors claim at least 12.5 billion euros

Creditors of the collapsed German payments company Wirecard have made claims for at least 12.5 billion euros ($14.85 billion), a German court said on Wednesday. Wirecard, in a dramatic fall…

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Former head of collapsed firm Wirecard to appear before German inquiry

The former head of collapsed payments services provider Wirecard must appear in person before a German parliamentary inquiry on Thursday after a court rejected his lawyers' motion for him to…

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