Wirecard shares undefined opened 46% lower on Monday as the German payments processing firm said a missing 1.9 billion euros of cash probably does not exist....
Wirecard shares WDI, -35.28% opened 46% lower on Monday as the German payments processing firm said a missing 1.9 billion euros of cash probably does not exist.
Wirecard said it's having"constructive discussions" with its lenders about its credit lines, is considering cost cuts and the disposal of business units and product segments.
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Wirecard’s Missing $2 Billion Probably Doesn’t Exist, Board SaysAfter the abrupt resignation of Wirecard’s CEO Friday, its management board now believes it is likely that “balances in the amount of €1.9 billion do not exist.”
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Wirecard says missing $2.1 billion likely did not exist; withdraws forecastsScandal-hit German payments firm Wirecard AG on Monday said a quarter of its assets totalling 1.9 billion euros ($2.13 billion) that auditor EY has been unable to account for likely did not exist in the first place.
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Wirecard says missing $2.1 billion likely do not exist; withdraws resultsWirecard AG said on Monday that there was a likelihood that the missing amount of 1.9 billion euros ($2.13 billion) from its accounts simply did not exist.
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Short Sellers Made $2.6 Billion Off Wirecard’s Plunge, but Not Without ScarsShort sellers have been attacking the stricken German fintech company’s business practices for over a decade with little reward—until now.
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