Wirecard: Fateful days for Wirecard

The new CEO James Freis and Supervisory Board Chairman Thomas Eichelmann had been negotiating with the approximately 15 creditor banks since the penultimate Friday. Under the leadership of Commerzbank, Landesbank Baden-Württemberg and the two major Dutch banks ABN Amro and ING, they granted Wirecard a credit line of EUR 1.75 billion about two years ago. […]

US investors are turning away from Europe

San Francisco Sarah Cannon is having dinner in front of the laptop. Not because it’s overworked. The partner at the venture capitalist Index Ventures has dinner with founders to get to know each other and explore possible investments. What the 36-year-old used to fly around the world for is now done from her home in […]

Wirecard passes the third deadline for submitting the special report

Munich / Frankfurt For the third time, Wirecard has passed the self-imposed deadline for submitting the KPMG auditor’s report. The report was due to be released on Monday, but was still unpublished at around one o’clock on Tuesday morning. Investors and observers sharply criticize the actions of the payment service provider from Aschheim near Munich. […]

The end of the special stage is postponed again

Munich / Frankfurt The completion of the special balance sheet check at Wirecard is postponed again. “Wirecard AG was recently informed by the auditing firm KPMG that KPMG will present the results of the ongoing special investigation on Monday, April 27, 2020,” the group said on Wednesday evening. “In the remaining days, incoming data should […]

The special examination is nearing completion

Munich / Frankfurt Wirecard is a year of extremes. Since January 2019, the business newspaper “Financial Times” (FT) has published a whole series of articles about opaque contracts and dubious partners of the group. Above all, the inconsistencies in the important Asian business raised bad suspicions: Has Wirecard manipulated its balance sheet? After the pressure […]

Payment service provider Adyen defies the corona crisis and increases profits

Adyen The Dutch payment service provider benefits from the fact that more people shop online in the corona crisis. (Photo: ddp images / Kris Tripplaar /) Frankfurt The Dutch payment service provider Adyen only reports on its transactions twice a year. On Tuesday, he made an exception to give shareholders greater transparency in this “unprecedented […]