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Former Wirecard chief executive  Markus Braun, who has been charged with fraud and false accounting. File photograph: AP

German prosecutors have charged the former chief executive of payments company Wirecard and two other ex-managers with fraud and false accounting in c(...)

Could we see Irish insolvencies spiral back up towards the crisis-era high of almost 1,700 in 2012?

As Covid-19 swept the globe in early 2020 and businesses in lockdown scrambled to get forbearance from suppliers, banks and tax collectors, many put a(...)

In April, BaFin ordered Deutsche Bank to enact further safeguards to prevent money laundering. Photograph: iStock

German financial regulator BaFin has fined Deutsche Bank €8.66 million for controls related to the Euribor interest rate in a setback for Germany’s la(...)

A Wirecard office in Germany.  Liquidators were appointed to the Irish unit in October last year, four months after Munich-based Wirecard filed for insolvency. Photograph: iStock

The liquidators of the Irish arm of failed German electronic payments group Wirecard are focusing their investigation into an almost €400 million frau(...)

Olaf Scholz, Germany’s finance minister and SPD candidate for chancellor. File photograph: Gordon Welters/The New York Times

Germany’s Social Democratic Party (SPD) has accused its centre-right political rivals and current coalition partners the CDU of dirty tricks after rai(...)

EY has suffered a series of setbacks including its failure to sound the alarm over a fraud that toppled Wirecard, a company it audited for a decade. Photograph: iStock

EY will invest about $2 billion (€1.69 billion) over the next three years to improve the quality of its audits following scandals including the collap(...)

Deutsche Telekom’s HQ in Germany. After the deals, SoftBank will continue to own 41 per cent of its Japanese telecoms subsidiary, 4.5 per cent of Deutsche Telekom and 3.3 per cent of T-Mobile US.

Deutsche Telekom has agreed a multipronged deal with SoftBank that deepens its bet on the lucrative US market and will see the Japanese group take a r(...)

Union Investment, Germany’s third-largest asset manager, has filed a lawsuit in Munich against Wirecard’s administrator. File photograph: Getty

A former top Wirecard shareholder is seeking damages over the collapse of the payments group in a landmark lawsuit that threatens the compensation bon(...)

Mazars audit and assurance partner Tommy Doherty: ‘The corporate failures of Thomas Cook, Carillion and BHS in the UK and Wirecard in Germany have ignited a reaction.’  Photograph:  Paul Sharp/SHARPPIX

Far reaching change is afoot in the audit world. The EU is conducting an evaluation of the audit legal framework. The UK government has entered into a(...)

Police “wanted” poster of former Wirecard chief operating officer Jan Marsalek. Wirecard declared bankruptcy last year following revelations of deceptive accounting to the tune of €2 billion. Photograph: Sean Gallup/Getty

Wirecard’s fraud started more than a decade before the German payments company imploded, as some senior managers began establishing a network of offsh(...)

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