German payments company Wirecard files for insolvency after revealing $2 billion accounting black hole

  • 📰 CNBC
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 72%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Wirecard will file for an application to open insolvency proceedings with the district court of Munich, the company said Thursday.

An illuminated logo sits on the exterior of Wirecard's headquarters in the Aschheim district of Munich, Germany.will file for an application to open insolvency proceedings with the district court of Munich, the company said Thursday.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Time to load up

When $2 billion goes missing from a balance sheet, why is it that it’s never the debt that can’t be located?

I knew this would happen...

Powell, it is your turn to save the world.

bitcoin fix this

Bullish.

Singapore Singapore Latest News, Singapore Singapore Headlines