Wirecard (WDI) to Be Ousted From the DAX Selection Indices Following Its Insolvency
Embattled payment service company Wirecard (WDI) is set to be ousted from the DAX index following the company’s declaration of insolvency.
WDI Stock Up 45%, Wirecard UK Unlocks Customer’s Funds as Financial Watchdog Lifts Ban
Wirecard Card Services, the UK subsidiary of Wirecard, returns to normal operation after the Financial Conduct Authority (FCA) lifted its ban on the embattled company. WDI stock is up.
UK Regulator Moves against Wirecard Subsidiary that Issued Visa Crypto Debit Cards
In a statement on Friday, a spokesperson for UK FCA said that WCS has been suspended from all regulated financial activities.
WDI Stock Down 75% as Wirecard Goes Insolvent after $2 Billion Funds Mishap
Following the arrest of Markus Braun, former CEO of Wirecard on the alleged missing of $2 billion, the German-based company has filed for insolvency. WDI stock is 75% down today.
Wirecard CEO Markus Braun Resigns amidst Accounting Scandal
Yesterday, Wirecard shares plummeted, losing 60% after the news about the accounting scandal broke on Thursday. The losses continued today. Wirecard CEO Markus Braun has resigned.
Wirecard (WDI) Stock Falls 70% as EY Indicates Zero Evidence of €1.9B on Its Balance Sheet
Ernst and Young indicated that as much as €1.9 billion in cash is missing from the Wirecard’s balance sheet. Wirecard management is working with the auditor to clarify the situation.