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European Investors-VEB summons EY for market manipulation in Wirecard scandal

European Investors-VEB summons auditing firm EY in Germany before a Stuttgart court for its role in the Wirecard scandal. EY has been Wirecard AG’s independent external auditor for years. European Investors-VEB believes that the firm’s audit procedures qualify as manifest violations of the auditor’s duty of care. In particular, European Investors-VEB focuses on EY’s conduct as from 28 April ...
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European Investors expects transparency on postponement 2019 financial statement Wirecard AG

On 25 May 2020 Wirecard postponed its presentation of the 2019 consolidated financial statement for the third time to 18 June 2020. This worry investors because Wirecard's CEO - Dr Markus Braun - stated on 3 May that EY would have 'no problem' in signing off the 2019 accounts on 4 June 2020. The reason now mentioned for the deferral; ‘not all audit procedures have yet been completed’, does not ...
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Is Airbus strong enough to sing it out without state aid?

With almost 30 billion euros in cash and a healthy order book, Airbus has survived the first part of the crisis well. The Spanish-French-German aircraft manufacturer, headquartered in Leiden, the Netherlands, does not want to hear of state aid. How long can the consortium boast this relatively comfortable position, while it has mostly operated in the aviation sector, which has been walloped in ...
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