The collapse of German payments provider Wirecard is having knock-on effects on British financial technology companies, with many customers being blocked from withdrawing money or using their accounts. Digital bank Pockit – which provides accounts for those unable to get a traditional bank accounts – and account management tool Curve are among […]
Wirecard
Deutschland despairs as Wirecard becomes ‘the German Enron’
“The last place we expected something like this to happen was Germany,” Peter Altmaier, the German economy minister, said this week. The spectacular fall from grace of Wirecard, the online payments giant that was the great white hope of Germany’s digital economy, has sent the the country’s financial establishment into […]
Wirecard boss Markus Braun arrested in Germany
Markus Braun, who resigned on Friday as chief executive of Wirecard, has been arrested in Germany on accusations of accounting fraud and manipulating the payment group’s share price. He turned himself into Munich police on Monday night after an arrest warrant was issued. Mr Braun will appear before a judge on Tuesday who […]