Germany to revamp financial oversight after Wirecard scandal

BERLIN (AP) — Germany’s finance minister says he wants to revamp the oversight system for the country’s financial industry in the wake of the accounting scandal at payment systems provider Wirecard. The Munich-based Wirecard filed for bankruptcy recently after auditors couldn’t find accounts in the Philippines that were supposed to contain 1.9 billion euros ($2.1 billion). Finance Minister Olaf Scholz told a German weekly on Sunday that he wants to empower the country&rsq