Bafin chief about Wirecard: A shame for Germany

the President of The German financial Supervisory FelixHufeldhat added that the state control have made your mistake in the case of Wirecard.Wirecard is a "dis

Bafin chief about Wirecard: A shame for Germany

the President of The German financial Supervisory FelixHufeldhat added that the state control have made your mistake in the case of Wirecard.Wirecard is a "disgrace" for Germany, dortseiein"total Disaster"happens under know currently what get out of here, said head derBafin on Montagauf of the banking conference ", Frankfurt Finance Summit"in Frankfurt. "We are in the midst of the most horrific Situation I have ever seen a Dax-listed company to be seen", so Hufeld. Christian sewing, the Chairman of the Board of Deutsche Bank, said, currently, transparency is lacking at Wirecard, and these must now be urgently restored.

Hanno Mußler

editor in the economy.

F. A. Z.

Wirecards 16 lending banks, including Deutsche Bank,must terminate since Saturday your loans over 1.8 billion euros, because the payment service provider of his auditors no Testatfür has 2019erhalten the balance sheet. In the night to Monday, Wirecard moreover, confessed to not my that around 1.9 billion euros, a quarter of the balance sheet, which are supposedly on trust accounts in Asia, existed "in all probability". Wirecard must nunerkennbar are struggling to Survive the liquidity threatens to be assumed by the company.The investors look at the stock exchange:Since Thursday Wirecards share price of around 100 crashed on 13 Euro on Monday.

Updated Date: 22 June 2020, 11:19

You need to login to comment.

Please register or login.

RELATED NEWS