No Missing Wirecard Funds in Philippines: Central Bank

The transcript discusses the investigation into Wirecard's missing 2.1 billion euros, which were never found in the Philippines. The scandal led to the resignation of Wirecard's CEO and a significant drop in stock value. Marcus Brown, the former CEO, faces financial difficulties due to his stock holdings. The company's credit rating was downgraded by Moody's, highlighting the severity of the financial scandal.

What was the initial belief about the missing 2.1 billion euros in the Wirecard scandal?

• It entered the Philippines.

• It was transferred to a Swiss bank.

• It was invested in real estate.

• It was used for company expansion.

Which two Philippine banks were falsely associated with Wirecard's missing funds?

• BDO and BPI

• HSBC and Citibank

• Metrobank and Landbank

• RCBC and UnionBank

What major action did Wirecard take following the discovery of the missing funds?

• Announced a merger

• Withdrew financial results

• Launched a new product

• Opened new offices

What happened to Wirecard's stock value after the scandal was revealed?

• It increased by 50%

• It doubled

• It remained stable

• It dropped by 72%

What financial challenge did Marcus Brown face due to the Wirecard scandal?

• He was unable to pay taxes

• He lost his job at a new company

• He had to sell his house

• He had to unwind shares financed by loans