The German Wirecard is something like the drama queen in the international FinTech scene. True to the company slogan "beyond payments", Markus Braun's DAX-listed company reliably delivers spectacular headlines. Most of them are currently negative and are either related to accusations of balance sheet manipulation, compliance problems, or short-sellers. The KPMG audit report presented at the end of April 2020 has caused the Wirecard drama to escalate, again. Since then, the share price has plunged from almost €139 to just under €76. And the drama is far from over, it seems.
Posts tagged as “Markus Braun”
Amidst the COVID-19 crisis any politicians, such as the Austrian Chancellor Sebastian Kurz, are advising their citizens that the coronavirus has heralded a New Normality…
The listed German Fintech WireCard is being shaken by a crisis that has lasted for months. The situation was triggered by reports in the Financial Times…