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German watchdog chief calls Wirecard scandal a 'massive criminal act'

By Staff Writer on Jul 3, 2020 1:17PM

German watchdog chief calls Wirecard scandal a 'massive criminal act'

As payments company collapses with over $5bn in debts.

The head of Germany's financial watchdog on Thursday called the accounting scandal at Wirecard "a massive criminal act", while Deutsche Bank said it was considering support for the collapsed payments company's banking unit. The comments from BaFin president Felix Hufeld are his most outspoken ...

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