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Swiss fintech firm Temenos announced it will conduct an independent examination of allegations made by Hindenburg Research regarding financial irregularities. This decision comes as the company faces pressure from investors and battles off shortseller allegations without setting a deadline for naming a new CEO. The move to review the claims is part of Temenos's efforts to address the concerns raised and maintain transparency with its stakeholders. The company's shares have experienced a significant downturn, crashing further following the allegations, indicating the market's reaction to the ongoing controversy.
Temenos shares crash even further as Swiss firm vows to review short-seller’s claims https://t.co/8faeH9T7mD
INTERVIEW 🎙️ The chairman of Temenos says the company isn’t going to give itself a deadline for naming a new CEO as the embattled Swiss fintech fights off shortseller allegations and pressure from investors https://t.co/dCDSwmLcHT via @technology @allegracatelli #Switzerland
The chairman of Temenos says the company isn’t going to give itself a deadline for naming a new CEO as the embattled Swiss fintech fights off shortseller allegations and pressure from investors https://t.co/I5nRaeGpPV
