Commentary

Wirecard: How signs of serious trouble were ignored

With firm's promising prospects, even experts, media missed the red flags, failing to probe deeper

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The crash of German fintech company Wirecard brings back memories of the darkest days of the dot-com bubble of the early 2000s.

Then newcomers entered the market of the New Economy promising fantastic returns and attracting loads of investors.

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A version of this article appeared in the print edition of The Straits Times on June 30, 2020, with the headline Wirecard: How signs of serious trouble were ignored. Subscribe