Wirecard shares drop another 21% as fate of loans hangs in balance

Wirecard shares drop another 21% as fate of loans hangs in balance
Published: June 19, 2020 at 3:59 a.m. ET Wirecard WDI, -45.65% shares slide 43% on Friday, extending the declines from Thursday when the German payments processor said Ernst & Young said it didn't have sufficient audit evidence for€1.9 billion euros in cash. Wirecard is in danger of having banks terminate €2 billion of loans if…

Wirecard
WDI,
-45.65%

shares slide 43% on Friday, extending the declines from Thursday when the German payments processor said Ernst & Young said it didn’t have sufficient audit evidence for€1.9 billion euros in cash. Wirecard is in danger of having banks terminate €2 billion of loans if it can’t file its 2019 accounts on Friday.

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