(Bloomberg) — James Freis took charge of Wirecard AG on Friday following the shock announcement that Markus Braun had resigned as chief executive officer. The question he faces on Monday is what, if anything, he will be able to salvage of the payment company.Braun’s position became untenable following revelations that about 1.9 billion euros ($2.1 billion) — or two-thirds of the company’s 2019 revenue — had gone missing. The two Asian banks that were supposed to be holding the money denied any business relationship with Wirecard and the company subsequently withdrew its fiscal 2019 and first-quarter 2020 financial results after …read more
Source:: Yahoo Finance
