Hedge fund short-sellers seize on Wirecard woes, as e-payment firm’s shares collapse amid deepening accounts riddle – HedgeWeek

Hedge funds are circling Wirecard AG, the troubled German electronic payment processing company, which saw its share price plummet further on Friday morning (19June) following revelations of alleged accounting imbalances. The Munich-headquartered company revealed this week that some EUR1.9 billion worth of reported cash balances an estimated quarter of its total balance sheet could not…

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Family company in $7m collapse as ATO move takes its toll – Daily Mercury

THE role of the Australian Taxation Office in the $7 million collapse of a 75-year-old Brisbane building products firm is being questioned by the company’s administrators. Directors of Wacol-based Sharp Plywood, which had worked on some of the state’s most iconic public buildings, called in administrators in May after a fellow director launched a winding…

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The Rise And Fall Of Palermo: Remembering The Famous 2009-10 Team – Outlook India

If you go back a decade, Palermo had threatened to become a major force in Serie A football. Coronavirus Outbreak Coverage|Football News Known as U.S. Citta di Palermo, the Sicilian outfit secured three consecutive top-six finishes between 2004 and 2007 but there was something different about their famed 2009-10 side. There was an extra sprinkle…

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Teen dead after triple shooting over gambling debt, Central Florida deputies say – FOX 35 Orlando

article Brevard Sheriff’s Office BREVARD COUNTY, Fla. – One teen is dead after a triple shooting in Merrit Island on Wednesday, deputies said. The Brevard County Sheriff’s Office said that they received acall around 6:55 p.m.on Wednesdayat the Courtenay Palms Apartments inMeritt Island.When deputies arrived at the scene, the Sheriff’s Office reportedly found threemen with…

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Hertz Seeks Bankruptcy Loan After Scrapping Stock Sale – The Wall Street Journal

Hertz Global Holdings Inc. is in talks to obtain a bankruptcy loan to fund its business reorganization after scrapping a controversial sale of potentially worthless stock, according to people familiar with the matter. The rental-car company on Wednesday called off a potentially unprecedented sale of up to $500 million in shares, leaving it in need…

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Most people get personal loans for debt consolidation—here’s the average amount – CNBC

Recent studies reveal that debt consolidation is the top reason why people take out personal loans. According to an Aprilstudyby Bankrate that analyzed responses from more than 160,000 applicants, debt consolidation was the most reported reason for getting a loan in quarter one, at 38%. An additional 5% of applicants in Bankrate’s study selected credit…

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