Risk too high – banks distanced themselves from Wirecard early on

Aschheim – More than a year before the spectacular Wirecard bankruptcy, several banks had already distanced themselves from the then Dax group – while the German government was still campaigning for the up-and-coming fintech with Austrians at the top. The risks were assessed as too high, said the board of directors of risk at Bayerische Landesbank and Commerzbank on Thursday in the Wirecard investigation committee of the Bundestag.

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