Prediction Financial Collapse

[ThePaladin]

Then there's the Wirecard saga:

Wirecard to be investigated

Bank of America Merrill Lynch cut its share-price target to 1 euro from 14 euros, saying customers may be starting to abandon Wirecard, while banks it owes 1.75 billion euros ($1.97 billion) to may be weighing the closure of credit lines.

“These developments may make the business unsustainable,” its analysts wrote in a note.

Payments giant Visa (V.N) said it was monitoring the situation, while Mastercard (MA.N) declined to comment. Wirecard runs real and virtual payment cards for both.