Two More Wirecard Executives Charged in Germany Over Accounting Scandal August 6, 2024 German prosecutors have charged another two former Wirecard executives, according to a statement from their Munich office on Tuesday, casting...
Germany’s Commerzbank Sues EY for Losses Incurred in Wirecard Collapse January 23, 2023 The German lender Commerzbank is suing accounting firm EY over the 200 million euros ($216.12 million) in losses that it...
Former Wirecard Executives in the Dock as Germany’s Biggest Fraud Trial Begins December 6, 2022 By Jörn Poltz and Christian Kraemer Former Wirecard executives go on trial on Thursday, two years after the collapse of the payments company that produced Germany’s...
EU Regulators Call for Action to Catch Up to Potential Systemic Risk of Digital Finance February 7, 2022 By Huw Jones Rapid action is needed to update how cross-border financial services are scrutinized and consumers protected as the sector becomes digitalized...
Investors Cannot Sue German Regulator for Wirecard Collapse, Court Rules January 20, 2022 By Karin Matussek Investors who lost money from investing in Wirecard AG shares can’t make Germany’s financial regulator Bafin compensate them, a Frankfurt...
Swiss Re-Backed Getsafe Gets German Insurance License, Permitting Europe Expansion October 25, 2021 Digital insurer Getsafe has received its insurance license from Germany’s financial regulator, BaFin. The license will allow Getsafe to accelerate...
EY and Germany’s Finance Minister Blamed for Oversight Failings in Wirecard Collapse June 23, 2021 BERLIN – German lawmakers presenting a report Tuesday into the collapse of the payment processing company Wirecard accused the country’s...
Jailed Ex-Wirecard CEO Files Lawsuit Against Chubb to Get D&O Coverage May 10, 2021 By Karin Matussek Markus Braun, the former chief executive officer of scandal-ridden Wirecard AG who has been in jail for almost a year,...
German Court Says EY Auditors Must Testify Before Parliamentary Panel About Wirecard February 11, 2021 By Karin Matussek Two Ernst & Young auditors were told by a German court that they must testify before a parliamentary committee about...
German Prosecutors Open Investigation into EY Auditors over Wirecard Collapse December 7, 2020 MUNICH – German prosecutors on Friday opened an investigation into partners at EY who audited Wirecard , after an accounting...