German payments company Wirecard files for insolvency

in hive-116221 •  2 months ago 

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The German fintech company Wirecard files for insolvency after about 2.1 billion dollars worth became missing from its books. The further collapsed after its shares took a massive nosedive plummeting its shares value at 79 percent. The insolvency application may also include other subsidiaries, and will be based from Wirecard's evaluation.

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