Hedge fund TCI files criminal charges against Wirecard managers

Wirecard There is a larger bet against the payment service provider’s share. (Photo: Reuters) Frankfurt The TCI hedge fund takes legal action against Wirecard. The British financial investor, who is wagering on a fall in the price of Wirecard shares, has filed a criminal complaint against managers of the payment processor with the Munich public […]

Wirecard share: Fluctuations offer unusual opportunities for returns

Wirecard Investment professionals believe that both a rally and a massive crash in Wirecard titles are possible. (Photo: dpa) Dusseldorf The high fluctuations in Wirecard shares create unusual conditions for discounters. A paper from DZ Bank (WKN DF5J5V) provides the best example. The derivative, which refers to the share of the online payment service provider […]

Extreme bet on Wirecard stock

Wirecard Investment professionals believe that both a rally and a massive crash in Wirecard titles are possible. (Photo: dpa) Dusseldorf A glaring example of a hot bet is provided by a paper from DZ Bank (WKN DF5JFV): the derivative, which refers to the share of the online payment service provider Wirecard, has a cap of […]

Justice wants to end criminal proceedings against Wirecard critics

Wirecard headquarters The Wirecard headquarters in Aschheim near Munich. (Photo: dpa) Munich In the criminal proceedings to manipulate the Wirecard shares, the judiciary wants to let another investor go against a monetary requirement. The Munich district court, with the approval of the public prosecutor and defense, plans to close the case against the British short […]

Permanent stress at Wirecard puts CEO Braun under pressure

With both messages, Braun officially recognizes that it is losing a significant part of its power over the Dax group from Aschheim near Munich. With the “right decisions”, the supervisory board around chairman Thomas Eichelmann reacted to harsh criticism from investors about Braun’s management style, under whose aegis the payment service provider has had to […]

Bafin checks the special report of the payment service provider

Frankfurt Wirecard’s handling of KPMG’s special audit is becoming the focus of German financial supervision. According to Bafin, the payment service provider’s report flows into the “market manipulation investigation, which is still ongoing”. “Of course, we also look at Wirecard’s communication immediately before the KPMG report is published,” said a spokeswoman when asked by Handelsblatt. […]

Wirecard CEO Braun is disempowered instead of deposed

The CEO Markus Braun is disempowered: “The CEO of Wirecard AG, Dr. Markus Braun, will in future focus his work on the strategic development of Wirecard AG, ”said the group on Friday evening. Braun should take care of strategic alliances, business development and coordination. From then on he gives communication with investors, his responsibility for […]

Disempowerment instead of deposition – Wirecard rebuilds board

CEO Markus Braun is disempowered: “The CEO of Wirecard AG, Dr. Markus Braun, will in future focus his work on the strategic development of Wirecard AG, ”said the group on Friday evening. Braun should take care of strategic alliances, corporate development and coordination. From then on he gives communication with investors, his responsibility for European […]

Deka demands resignation of Wirecard boss Markus Braun

Frankfurt Deka is the first major German fund company to replace Wirecard boss Markus Braun. “We are calling for Markus Braun’s resignation,” said Ingo Speich, Head of Sustainability and Corporate Governance at Deka, the “WirtschaftsWoche”. “We communicated this to Wirecard’s Chairman of the Supervisory Board, Thomas Eichelmann, earlier this week,” added Speich. As a fund […]

With Hauke ​​Stars, a digital expert becomes a Wirecard supervisor

Frankfurt Hauke ​​Stars is familiar with changes. Born in Merseburg in 1967, she grew up in the late phase of real-existing socialism. As if she had guessed the coming turning point, Stars enrolled in 1986 for a future-oriented course: computer science. In contrast to today, the subject in the GDR was not a male domain, […]