The investigation into Wirecard AG, the German electronic payment transfer company, has expanded to Ireland. The Irish Times reported the company’s Dublin offices were raided by police at the request of German authorities. “Following receipt of a mutual legal assistance treaty from German authorities, the...
Author George Santayana famously wrote: “Those who cannot remember the past are condemned to repeat it.” And Mark Twain once wrote: “History doesn’t repeat itself, but it often rhymes.” Might we form a couplet from Enron to mark the beginning of the millennium and Wirecard...
Wirecard AG, the disgraced German payments provider that filed for insolvency last week over a $2.1 billion accounting scandal, told customers it’s business as usual at all but one of its subsidiaries. In a posting on its website, the suburban Munich company said Wirecard Bank...
Wirecard, the embattled Germany payment services company, said Thursday (June 25) it was filing for insolvency. The decision comes less than a week after auditors disclosed $2.1 billion of supposed deposits were missing from two Philippines banks. Shares have fallen by more than 90 percent...
June 29, 2020
Author George Santayana famously wrote: “Those who cannot remember the past are condemned to repeat it.” And Mark Twain once wrote: “History doesn’t repeat itself, but it often rhymes.” Might we form a couplet from Enron to mark the beginning of the millennium and Wirecard to mark the end of the 2010s? As things now […]
March 03, 2024
Fabric/craft supplies retailer Joann is reportedly considering a bankruptcy filing. That filing could come as soon as this week, with the company striking a deal that would give control to lenders and free it of costly debt, Bloomberg News reported Saturday (March 2), citing sources with knowledge of the matter. According to the report, Joann — which has […]
July 09, 2020
The investigation into Wirecard AG, the German electronic payment transfer company, has expanded to Ireland. The Irish Times reported the company’s Dublin offices were raided by police at the request...
June 28, 2020
Wirecard AG, the disgraced German payments provider that filed for insolvency last week over a $2.1 billion accounting scandal, told customers it’s business as usual at all but one of...
June 25, 2020
Wirecard, the embattled Germany payment services company, said Thursday (June 25) it was filing for insolvency. The decision comes less than a week after auditors disclosed $2.1 billion of supposed...
