Wirecard, the fintech behind a 2 billion accounting scandal, leaves the DAX by August 21 after a new rule kicks in
Get the Full StoryReutersGerman fintech Wirecard will be removed from the DAX blue chip index after a new rule kicks in on August 19.
German stock operator Deutsche Boerse said all German insolvent firms will be removed from DAX, with 2 days trading notice, effective August 19.
Wirecard filed for insolvency in June after an audit revealed a 2 billion-hole in its accounts.
Visit Business Insider's homepage for more stories.
German fintech Wirecard, which was brought down by 2 billion accounting scandal, is one of many insolvent firms that will be removed from DAX, according to a new rule announced Wednesday.
German market operator Deutsche Boerse said insolvent companies will be dropped from German blue chip DAX Index, with 2 days' notice starting from August 19. See the rest of the story at Business InsiderNOW WATCH: Why electric planes haven't taken off yetSee Also:A history of the 30-year feud between Bill Gates and Steve Jobs, whose love-hate relationship spurred the success of Microsoft and AppleThe best men's and masculine-style wallets for everyday useWarren Buffett may have dumped his entire Wells Fargo stake last quarter, finance professor David Kass says
Share: