Quote:
Originally Posted by MaDalton
the difference is whether there is an economic crisis with several banks at the verge of collapsing which would then drag down the whole economy - or one company with a banking license, which has no immediate influence on the overall economy, goes bankrupt because of their incompetence (or fraud - whatever the outcome will be once it is investigated).
If Wirecard disappears it will be inconvenient for many businesses but it will make zero difference for consumers.
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All account holders got an email that their money is protected till 100.000. Don't know if that also counts for wirecard debatcard holders.
Commerzbank, Deutsche Bank, ING (Dutch), ABN Amro (Dutch) had meetings this weekend. looks like they also have money in wirecard. Consumers will be protected, but you never know what happens if other banks have money in the wirecard bank.
Many options, maybe there is no big problem, maybe they can get a loan, maybe new investor, maybe they have enough in cash when there is no bankrun. But for sure there will be many investigations and juridical procedures cause it looks like something is wrong there. Or they just forgot that the 2 billion is hidden under a matress. When it goes down and other banks have to pay the bill under deposito guarantee, it will hit more banks. But don't know how big they are. And maybe the European bank just sent 2 billion, they created enough, is peanuts for them.
I would still get my money from the wirecard if i had one
