Showing 1 - 10 of 22
Singapore wealth flows face renewed scrutiny in superhacker case
Bloomberg News, Published on 31/05/2024
» SINGAPORE- Before he was arrested this month for allegedly running what is likely the world's largest cybercrime computer network, Wang Yunhe enjoyed a lavish lifestyle in Singapore.
Laundering scandal ensnares Singapore banking giants
Published on 30/08/2023
» SINGAPORE: Some of the biggest local and international banks in Singapore are becoming embroiled in one of the city-state’s largest money laundering cases involving over S$1 billion (US$740 million) worth of assets.
Ex-Wirecard CEO goes on trial over 'unparalleled' fraud
AFP, Published on 05/12/2022
» FRANKFURT, Germany: Ex-Wirecard CEO Markus Braun goes on trial in Munich this week for his role in the collapse of the once-celebrated payments firm, brought down by the biggest accounting fraud scandal in German corporate history.
Ernst & Young Leaders Green Light Split Plan
Business, Published on 10/09/2022
» Ernst & Young's leaders fired the starting gun Thursday on a monthslong plan to split its consulting and auditing businesses, in a radical move that will generate windfalls for the firm's partners and could upend the business model for accounting firms.
Olaf Scholz: Germany's staid but steady next chancellor
AFP, Published on 08/12/2021
» BERLIN - Often described as austere and even robotic, Social Democrat Olaf Scholz nonetheless managed to inspire German voters in this year's election with a campaign that played on his reputation as a safe pair of hands.
Germany's DAX index grows from 30 to 40 firms in revamp
AFP, Published on 20/09/2021
» FRANKFURT - Ten companies will join the DAX on Monday as the blue-chip stock market index undergoes its biggest facelift in its 33-year history in response to turmoil in the German corporate world.
German MPs to grill ex-Wirecard boss over massive fraud
AFP, Published on 19/11/2020
» FRANKFURT AM MAIN - Markus Braun, the former chief executive of disgraced payments giant Wirecard, will on Thursday face a public grilling by German lawmakers over the massive accounting fraud that brought down his firm.
SEC to beef up audit panel, boost independent director
Business, Nuntawun Polkuamdee, Published on 01/10/2020
» The Securities and Exchange Commission (SEC) plans to enhance the authority of its audit committee and independent director over listed firms to strengthen corporate governance and prevent fraud in the private sector.
Commerzbank names Deutsche Bank's Manfred Knof as new CEO
AFP, Published on 27/09/2020
» BERLIN: Commerzbank, Germany's second largest bank which has been hit by the coronavirus pandemic and the Wirecard scandal, on Saturday named Manfred Knof from rival lender Deutsche Bank as its new chairman.
Deutsche Boerse changes rules to kick Wirecard out of DAX 30
AFP, Published on 13/08/2020
» FRANKFURT: German stock exchange operator Deutsche Boerse on Wednesday announced that it will tweak its rules in order to quickly expel scandal-hit payments firm Wirecard from the prestigious DAX 30 index following its insolvency.