Wirecard Shares Slide Further Amid Pushback on Fraud Allegations

The transcript discusses the Wirecard scandal, where executives were allegedly aware of accounting fraud. The Financial Times reported on a preliminary legal report, which Wirecard disputes. The market seems to believe the reports, as indicated by stock price movements. Wirecard executives are buying shares, possibly to counter negative perceptions. The scandal highlights the complexity of the fintech industry, with Wirecard being a major player. The situation raises concerns about transparency and understanding in financial technology.

What was the Financial Times' report based on?

• A preliminary legal report

• A final legal report

• An internal memo

• A press release

How did the market initially react to the Wirecard allegations?

• The stock price increased

• The stock price was unaffected

• The stock price remained stable

• The stock price decreased

What action did Wirecard's CFO take amid the allegations?

• Issued a public apology

• Resigned

• Sold shares

• Bought shares

What is a significant challenge in the fintech industry highlighted by the Wirecard case?

• Lack of innovation

• Complexity of business models

• High transaction fees

• Limited market reach

Which company did Wirecard displace in the DAX index?

• Deutsche Bank

• Commerzbank

• ADYEN

• Bloomberg