WRCDF - Wirecard AG: Why This Time Might Be Different
Stocks of German fintech company Wirecard AG (WRCDF;WCAGY) have been hit substantially after a series of negative news coverage alleging severe irregularities within the company's operations in Asia. The stock has lost more than 40 percent since the series of reports started making it the worst performing member of Germany's DAX index (DAXXF) so far in 2019.
What Has Happened?
The renowned Financial Times reports that the Asian division of Wirecard has been engaged in numerous irregularities. At the center of the scandal seems to be a senior manager