BaFin

4 results

Wirecard collapsed into insolvency on June 25th after admitting that about €1.9 billion in cash was missing from its accounts. Photograph: Christof Stache
German parliament to open full inquiry into Wirecard collapse

The German parliament is to hold a full inquiry into the collapse of the disgraced payments company Wirecard, in a move that will keep the affair at t(...)

A road sign near the wirecard headquarters near Munich in Germany. Photograph: EPA/PHILIPP GUELLAND
Stocktake: Wirecard collapse proves we need short sellers

Short sellers are routinely portrayed as greedy and unethical spivs who profit from the misfortunes of others. In reality, shorts often do the detecti(...)

Volkswagen’s supervisory board chairman Hans Dieter Pötsch: German prosecutors will now examine his role as group finance chief prior to the September 2015 announcement that VW diesel engines contained cheat software to mislead emissions tests. Photograph: Tobias Schwarz/AFP via Getty
VW chairman Pötsch included in German investigation

A new act has opened in Volkswagen’s diesel scandal after German prosecutors confirmed their market manipulation investigation has been widened to inc(...)

A Volkswagen shareholder walks past a car on display during German carmaker Volkswagen shareholders’ annual general meeting on June 22, 2016 in Hanover. Photograph: AFP/Getty Images
Volkswagen executives face down angry shareholders at agm

Top Volkswagen managers faced down 3,000 angry shareholders at a tempestuous annual general meeting in Hanover on Wednesday, the first since the car g(...)