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I'm left with nothing," she says. / Reuters India provides latest news & articles on stock market quotes, online stock quotes, India. Lo riporta MilanoFinanza secondo cui anche Nexi sarebbe fra le società interessate a partecipare al processo di vendita degli...Il crac da 1,9 miliardi che ha travolto la fintech tedesca si arricchisce di nuovi elementi di illegalità, non solo finanziariaDi Mauro Speranza

delay in publishing results was due to EY needing more time to finish its review, and that the auditor hadn’t … The missing sum represents a quarter of Wirecard's balance sheet.Shares of Wirecard fell by nearly 60% at one point.It is the latest dramatic twist in the fortunes of what was once seen as one of the European fintech sector's brightest hopes.And, should Wirecard fall, it promises to be hugely embarrassing and traumatic for Germany's financial regulators and establishment.Wirecard, which was founded as recently 1999, employs nearly 6,000 people in 26 countries.It has become a crucial member of the Visa and Mastercard networks and processes tens of billions of transactions annually.The company's current crisis could prompt the pair to take away Wirecard's licences to operate on their networks.What is remarkable about today's share price collapse is the fact that Wirecard has been the subject of a detailed and long-running investigation by the Financial Times shrugged off by some investors and especially in Germany.The FT first published an article highlighting apparent anomalies in Wirecard's accounts as long ago as July 2015 and followed that with a string of revelations about the company and its accounting practices.At every turn, Wirecard dismissed the FT's reports, even after its offices in Singapore were raided by police investigating fraud allegations.It threatened to sue the paper on more than one occasion.Wirecard also hit back at any investors and analysts questioning its business practices.At the centre of the storm is Markus Braun, an Austrian-born computer scientist, who has been Wirecard's chief executive for the last 18 years.Mr Braun has become a billionaire after taking Wirecard from a three year-old start-up, whose customers were mainly in the pornography and online gaming sectors, into Germany's equivalent of the FTSE-100.The opera-loving graduate of the Technical University of Vienna insisted today that the €1.9bn in deposits were held in investment grade-rated banks and managed by a reputable trustee.He added: "It is currently unclear whether fraudulent transactions to the detriment of Wirecard have occurred. “We must rethink our supervisory structures,” said Scholz, adding he had asked his ministry to come up with ideas in the next few days.“If legal, legislative, regulatory measures are needed, we will embrace them and implement them,” he said. Wirecard collapsed on Thursday owing creditors almost $4 billion after disclosing a gaping hole in its books that its auditor EY said was the result of a sophisticated global fraud. ...Scandalo Wirecard: dai trasferimenti di fondi in Russia alle nuove indagini dell'Unione europea. Che succede?

These are external links and will open in a new windowThe UK's financial watchdog has lifted restrictions on German payments company Wirecard, allowing it to resume payment activities.The Financial Conduct Authority (FCA) imposed restrictions on the company's UK arm after its collapse last week.

""The FCA continues to work with the firm to progress these matters," it added.Mr Woolard told the Today programme: "Obviously there's a separate story developing around Wirecard in Germany where there's a German bank regulated by our colleagues in Germany".He said the FCA was closely monitoring Wirecard's UK operation, but it was not in the process of trying to find a new owner for the UK subsidiary.

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