WIRECARD FILED FOR INSOLVENCY AFTER BEING TROUBLED BY THE SCANDAL

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....