Wirecard-News: Filing for bankruptcy at five subsidiaries

Wirecard The payment service provider faces a loss of customers after the balance sheet scandal. (Photo: Reuters) Düsseldorf The insolvent payment service provider Wirecard has also filed for bankruptcy for five subsidiaries. The Munich District Court announced on Thursday. The insolvency administration takes over as for the parent company Michael Jaffé. The subsidiaries are Wirecard […]

Wirecard-News: Filing for bankruptcy at five subsidiaries

Wirecard The payment service provider faces a loss of customers after the balance sheet scandal. (Photo: Reuters) Düsseldorf The insolvent payment service provider Wirecard has also filed for bankruptcy for five subsidiaries. The Munich District Court announced on Thursday. The insolvency administration takes over as for the parent company Michael Jaffé. The subsidiaries are Wirecard […]

Wirecard: Public prosecutor searches five objects

Wirecard headquarters In addition to the company’s headquarters in Aschheim, the public prosecutor’s office searches two properties in Munich and Austria. (Photo: Reuters) Düsseldorf The public prosecutor came to the insolvent payment service provider Wirecard on Wednesday. Since morning she has been searching a total of five objects: three in Munich, including the company headquarters […]

How Bafin boss Felix Hufeld justifies himself

Berlin, Frankfurt Felix Hufeld was more important for the finance politicians this Wednesday afternoon than the Chancellor. The hearing of the Bafin chief in the finance committee should actually end by 1 p.m. at the latest, since then Angela Merkel (CDU) commented on the German EU Council Presidency in plenary. However, from the point of […]

Wirecard is expected to be sold in individual parts

Wirecard So far, apart from the parent company from Aschheim near Munich, hardly any subsidiaries have gone bankrupt. (Photo: Reuters) Frankfurt At least for parts of the insolvent payment processor Wirecard there are interested parties. “A large number of investors from all over the world have already registered who are interested in acquiring the core […]

Wirecard is expected to be sold in individual parts

Wirecard So far, apart from the parent company from Aschheim near Munich, hardly any subsidiaries have gone bankrupt. (Photo: Reuters) Frankfurt At least for parts of the insolvent payment processor Wirecard there are interested parties. “A large number of investors from all over the world have already registered who are interested in acquiring the core […]

Michael Jaffé could become a bankruptcy administrator at Wirecard

Berlin The district court in Munich was chosen by a man from the front row of German insolvency administrators: Michael Jaffé (56), as an expert, is to prepare the expert opinion on Wirecard AG’s insolvency application. This gives the Munich lawyer good chances of being appointed as the Group’s provisional insolvency administrator. Over the past […]

Adcada Group faces million-dollar fine for mask bond

Berlin, Dusseldorf When Ilyushin Il-76 lands at Rostock-Laage Airport, Benjamin Kühn is already waiting on the tarmac. An advertising film shows the 23-year-old boss of the Adcada group in sneakers and orange safety vest, while forklifts unload man-sized boxes in the background. Kühn climbs into the cockpit and thanks the pilot. Then he says that […]

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 […]