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

By

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

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

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
financial serviceswirecard

Sponsored Whitepapers

Modern Identity for SAP and Beyond: Replace SAP IDM with Saviynt
Modern Identity for SAP and Beyond: Replace SAP IDM with Saviynt
Saviynt Simplifies GRC and Access Control for SAP and Beyond
Saviynt Simplifies GRC and Access Control for SAP and Beyond
Futureproof Your Business with Datacom and AMD: Seamless Windows 11 Transition
Futureproof Your Business with Datacom and AMD: Seamless Windows 11 Transition
See everything. Do more.
See everything. Do more.
Lindentech Secures Digital Identity with Zero Trust and Microsoft Entra
Lindentech Secures Digital Identity with Zero Trust and Microsoft Entra

Events

Most Read Articles

ANZ consolidates operational risk into ServiceNow

ANZ consolidates operational risk into ServiceNow
ANZ's Maile Carnegie to exit next month

ANZ's Maile Carnegie to exit next month
Australia's super funds told to assess authentication controls

Australia's super funds told to assess authentication controls
ASIC inquiry to tackle ASX tech "incidents"

ASIC inquiry to tackle ASX tech "incidents"
techpartner.news logo
Dave Stevens on Brennan's evolution and the need for Aussie tech unity
Dave Stevens on Brennan's evolution and the need for Aussie tech unity
Sydney's ITKnocks on contact centre AI and the slow death of the IVR
Sydney's ITKnocks on contact centre AI and the slow death of the IVR
"It's an exciting time to be part of the health and aged care sector"
"It's an exciting time to be part of the health and aged care sector"
Insicon founder Matt Miller on the coming 'tsunami' of compliance and educating boards about cyber security
Insicon founder Matt Miller on the coming 'tsunami' of compliance and educating boards about cyber security
Orro claims Australia first with managed digital asset discovery service
Orro claims Australia first with managed digital asset discovery service

Log In

  |  Forgot your password?