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WIRECARD FILED FOR INSOLVENCY AFTER BEING TROUBLED BY THE SCANDAL

Published On 28 Jun 2020 07:59 AM


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Highlights

  • German payments company Wirecard has filed for insolvency.
  • It plans to proceed with its business activities after being done so.
  • Wirecard owes its creditors almost $4 billion; problem in the balance sheet.
  • The insolvency filing did not include the company’s Wirecard Bank unit.

The scandal-hit German payments company Wirecard’s m....


Tags : GERMANY, WIRECARD, PAYMENT COMPANY, SCANDAL, INSOLVENCY,
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