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Mastercard and Visa reportedly reconsidering their relationship with Wirecard following accounting scandal

Clare Duffy
By Clare Duffy, CNN Business
Published 7:03 PM EDT, Thu June 25, 2020
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Wirecard redistributes responsibilities internally and disempowers CEO Markus Braun. The payment service provider is reacting dawith to the growing criticism of the management. In the future, CEO Markus Braun should concentrate on the "strategic development" of the group, he has to hand over the responsibility for capital market communication to CFO Alexander von Knoop. Archive photo; Dr. Markus BRAUN (CEO, Management Chairman), gesture, folds his hands in prayer. Single picture, cut single motif, portrait, portrait, portrait. In front - the wirecard logo and lettering. Annual press conference WIRECARD AG ' | usage worldwide Photo by: FrankHoermann/SVEN SIMON/picture-alliance/dpa/AP Images
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Wirecard's former CEO arrested in Germany
02:27 - Source: CNN Business
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