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2 mins read
The massive selloff in Adani shares eclipses those of other short-seller targets like Enron and Wirecard
Adani Group companies lost $110 billion in market value in under two weeks — that's more than Enron…
Huileng Tan
2 mins read
A short-seller who took on Wirecard is betting against Tesla, saying its price is out of whack with Toyota and VW
Elon Musk's Tesla has been the scourge of short-sellers, but Fraser Perring is jumping back in.
Harry Robertson
2 mins read
Legendary short seller Jim Chanos is closing his hedge funds. Here are 4 of his most famous bets over the years.
"It is no secret that the long/short equity business model has come under pressure and interest in …
Filip De Mott
2 mins read
Wirecard has been kicked out of Germany's benchmark stock index, the latest embarrassment in its $2 billion scandal
Wirecard is leaving the DAX effective August 24 after the it was accused of a $2 billion accounting…
Saloni Sardana
2 mins read
A 2nd Wirecard executive gets arrested following $2 billion accounting scandal
German prosecutors didn't name the executive, but arrested the managing director of Wirecard's Duba…
Saloni Sardana
2 mins read
SoftBank executives set to lose hundreds of millions on complex Wirecard trade inspired by Warren Buffett
Wirecard's share price has tanked 80% in the last few days, likely erasing gains that a small group…
Carmen Reinicke
2 mins read
Wirecard's former No. 2 has disappeared after its $2 billion accounting scandal, and nobody knows where he is
The German fintech's former chief operating officer Jan Marsalek has not been in contact with Wirec…
Saloni Sardana
3 mins read
'Pile of garbage': Wirecard's stock is so toxic after its $2 billion accounting scandal that even the highly speculative world of day-trading is shying away
Wirecard filed for insolvency last week after a $2 billion scandal, and the stock has lost 97% in 3…
Saloni Sardana
2 mins read
Wirecard is set to miss the very first payment on $561 million worth of debt and join the notorious 'no coupon' club
Wirecard is due to make an interest payment of 0.5% in September on $561 of bonds but it is almost …
Saloni Sardana
2 mins read
The UK's financial watchdog has allowed one of Wirecard's key businesses to resume operations after it froze all accounts last week
This comes after the Financial Conduct Authority had ordered Wirecard Card Solutions to cease all r…
Saloni Sardana
2 mins read
Wirecard stock soars 185% as it bounces after its week from hell, but is still down 97% in 2020
German fintech filed for bankruptcy on Thursday following days of turmoil which saw its former CEO …
Saloni Sardana
2 mins read
Wirecard stock will plummet to one euro as accounting scandal scares away clients, Bank of America says
A clear look at Wirecard's true value "is unlikely to arise for some time" as clients likely flee f…
Ben Winck
2 mins read
Wirecard dives 75% as it files for insolvency following its $2 billion accounting scandal
Wirecard's CEO Markus Braun resigned and was arrested on charges of alleged market manipulation and…
Saloni Sardana
2 mins read
Wirecard, the fintech behind a $2 billion accounting scandal, leaves the DAX by August 21 after a new rule kicks in
German stock operator Deutsche Boerse said Wednesday that insolvent firms have 2 days' notice to le…
Saloni Sardana
2 mins read
EY's chairman expressed 'regret' that German fintech Wirecard's fraudulent practices were 'not uncovered sooner'
"The public interest clearly requires that much more be done to detect fraud at its earliest stages…
Shalini Nagarajan
2 mins read
Famed short-seller Jim Chanos reportedly made $100 million betting against collapsed fintech Wirecard
Chanos increased his bets against Wirecard after the FT launched a public investigation into the co…
Shalini Nagarajan
2 mins read
Former Wirecard CEO Markus Braun was arrested for a 2nd time in relation to the company's $2 billion accounting scandal
Two other executives — Wirecard's former finance boss, Burkhard Ley, and Stephan von Erffa, ex-head…
Shalini Nagarajan
2 mins read
An audit of Wirecard's key business in Europe and the US reportedly shows its internal financial numbers are far worse than previously thought
Underperformance of Wirecard's Asian operations have created challenges for the administrator who i…
Shalini Nagarajan
2 mins read
Wirecard stock jumps as much as 160% after a UK regulator eased restrictions on one of its key businesses
Thousands of customers were unable to access their cash after Wirecard filed for insolvency and its…
Shalini Nagarajan
2 mins read
Wirecard is 'beyond salvageable,' according to one analyst, who says the company's rivals won't be able to benefit from its downfall
Rivals can expect a "very small opportunity" for incremental business since most of Wirecard's tran…