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

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'. Print Edition | Subscribe