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Wirecard to cut 730 jobs as court starts insolvency process

August 26, 2020

Wirecard will eliminate more than half of its staff, about 730 jobs, and make other "far-reaching cuts" to preserve cash as a Munich court opened insolvency proceedings against the embattled German payments company.

Wirecard's wild week finally ends in insolvency filing

June 26, 2020

Wirecard filed for insolvency, the culmination of a stunning accounting scandal that led to the arrest of its CEO and left the German payment-processing firm unable to find over $2 billion missing from its balance sheet.

Visa, Mastercard weigh cutting ties with Wirecard after scandal

THURSDAY, JUNE 25, 2020

Visa Inc. and Mastercard Inc. are considering revoking Wirecard AG's ability to process payments on their networks, moves that could cause further pain for the fintech firm that's been battered by an accounting scandal.

Missing $2.1 billion probably doesn't exist, Wirecard says

MONDAY, JUNE 22, 2020

Wirecard, the troubled German payments company, withdrew its financial results, saying the missing 1.9 billion euros ($2.1 billion) of cash on its balance sheet probably doesn't exist.

Officials: Wirecard billions never entered PH

SUNDAY, JUNE 21, 2020

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Wirecard to cut 730 jobs as court starts insolvency process

Wirecard's wild week finally ends in insolvency filing

Visa, Mastercard weigh cutting ties with Wirecard after scandal

Missing $2.1 billion probably doesn't exist, Wirecard says

Officials: Wirecard billions never entered PH