Hindenburg Throws Swiss Fintech Temenos Into Turmoil With Report bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Temenos AG was a target of activist investors even before a report by Hindenburg Research led to the biggest drop in 15 years in the Swiss banking software company’s shares.Most Read from BloombergPutin Steps Into US Race to Back ‘Old-Style’ Biden Over TrumpHawaii Rightly Rejects Supreme Court’s Gun NonsenseJapan Loses Its Spot as World's Third-Largest Economy as It Slips Into RecessionApple Readies AI Tool to Rival Microsoft’s GitHub CopilotDozens of Banks Rapidly Piled Up Commer
(Bloomberg) Temenos AG plunged as much as 33%, slashing its market value by $2.4 billion, after Hindenburg Research alleged serious flaws in the Swiss banking software company’s books and took a short position in the stock. Most Read from BloombergJapan Loses Its Spot as World's Third-Largest Economy as It Slips Into RecessionIsrael Quits Ceasefire Talks Over ‘Delusional’ Hamas DemandsTrump Eyes NATO Makeover, Hurried Peace in Ukraine If ElectedThe Brutal Reality of Plunging Office Values Is
Temenos Sinks as Hindenburg Says It Is Shorting the Stock bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.