September cliff: Why business experts are preparing for a flood of insolvencies when JobKeeper ends – 9News

Insolvency experts are expecting a flood of businesses to collapse when the Government’s stimulus packages end in September. Referred to by some economists as the “September cliff”, business owners who are struggling with cash flow are being urged to balance their books now while there is still time. Recent Australian Bureau of Statistics (ABS) figures…

Hedge fund short-sellers seize on Wirecard woes, as e-payment firm’s shares collapse amid deepening accounts riddle – HedgeWeek

Hedge funds are circling Wirecard AG, the troubled German electronic payment processing company, which saw its share price plummet further on Friday morning (19June) following revelations of alleged accounting imbalances. The Munich-headquartered company revealed this week that some EUR1.9 billion worth of reported cash balances an estimated quarter of its total balance sheet could not…