Wirecard tumbles another 22% with €2 billion of loans at risk
Wirecard WDI, -42.
01% shares slide 43% on Friday, extending the declines from Thursday when the German payments processor said Ernst & Young said it didn't have sufficient audit evidence for€1.9 billion euros in cash. Wirecard is in danger of having banks terminate €2 billion of loans if it can't file its 2019 accounts on Friday.
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Wirecard shares plunge as Ernst & Young says no evidence for 1.9 billion euros of cash on balance sheetShares of Wirecard undefined lost 59% as the company said Ernst & Young told it that no sufficient audit evidence could be obtained so far of cash balances...
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Wirecard faces loan crunch over missing $2.1 billionWirecard's auditor has refused to sign off its 2019 accounts over a missing $2.1 billion, sending the German payments firm's shares down over 60% on Thursday as it warned the delay could cause billions in loans to be called in as early as Friday.
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Wirecard scrambles to find missing $2.1 billion as loan crunch loomsWirecard's auditor has refused to sign off its 2019 accounts over a missing $2.1 billion, sending its shares down more than 60% as the German payments firm said the delay could cause billions in loans to be called in as soon as Friday.
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Wirecard shares plummet 65% as embattled payments firm says $2.1 billion of cash is missingWirecard has fallen from one of Germany's top fintech darlings to a company mired in controversy due to fraud allegations.
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