Wirecard hires investment bank for new financial strategy.
BANKING AND CREDIT NEWS-June 22, 2020--Wirecard hires investment bank for new financial strategy
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Global Banking News - 22 June 2020
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German payments firm Wirecard (WDIG.DE) has said that it has hired an investment bank for advice on its new financial strategy following charges of alleged financial misappropriation, Reuters has reported.
The firm has hired US investment bank Houlihan Lokey (HLI.N) after Moody's cut the company's rating to junk. Earlier, auditors refused to sign off the firm's financial documents after EUR1.9bn could not be accounted for. The scandal-hit company's...
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