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The CEO of crisis-hit payment group Wirecard has resigned just a day after the company said that €1.9bn worth of cash seemed to be missing. (That’s roughly a quarter of its total balance sheet.)
In an incredibly short market statement, Wirecard said:
In mutual consent with the Supervisory Board of Wirecard AG, Dr. Markus Braun resigned today with immediate effect as member of the management board.
The Supervisory Board of Wirecard AG appointed Dr. James H. Freis, Jr., who was appointed yesterday as member of the management board, as interim CEO with sole power of representation.
The pound is losing ground this morning and has fallen below $1.24 for the first time since 1 June.
Cable breaks below 1.24 handle#GBP -0.26% against other currencies#GBPUSD 1.23909 -0.26%#EURGBP 0.90455 +0.29%#GBPAUD 1.80268 -0.58%#GBPJPY 132.5 -0.3%#GBPCAD 1.68331 -0.37%#GBPCHF 1.17873 -0.28%#GBPEUR 1.10553 -0.29%
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