BaFin

German digital bank hit with fine by country’s financial regulator.

2.4% of all reported private financial transactions by its staff were transactions with Wirecard in H1.

The plan will also strengthen APAS, the body that oversees auditing firms in Germany.

Munich police say a criminal investigation into Wirecard has been launched.

EY couldn’t find the cash balances — which represent roughly a quarter of its balance sheet.

German regulator alleges Wirecard gave “misleading signals” for its stock market price.

The digital platform for asset and wealth managers wants to expand throughout Europe.

The BaFin has highlighted issues with staffing and communications.

The bank’s shares have fallen 48% this year.