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Wirecard Chairman Resigns in Midst of Accounting Controversy

(Bloomberg) — Wirecard AG Chairman Wulf Matthias resigned after months of controversy over the digital payments company’s accounting practices.Matthias stepped down as chairman of the supervisory board for personal reasons, and will be replaced by Thomas Eichelmann, the Aschheim, Germany-based company said Friday in a statement. Matthias will remain a member of the board.The payment processor’s shares have whipsawed for more than a year after several media reports raised questions about accounting methods, all of which the company has rejected. The concerns relate to Wirecard’s Singapore operations. Wirecard has said its reporting obligations were “followed properly.” Shares are down more …read more […]

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62 Investment Terms Beginning Investors Should Know

If you’re new to the world of investing, it can be intimidating to hear new terms. That’s why we put together this list of investment terms. These words and concepts can help you get a better understanding of the investing world.
Whether you’re a novice or expert, the list below can come in handy. Let’s dive in…

Investment Terms Every Investor Should Know

Annualized Rate of Return- The average annual return over a defined period of years, including the affect of compounding. Another term for this is compound annual growth rate.
Annual Report- An audited report of a corporation or mutual fund’s condition and …read more […]