Showing 1 - 10 of 14
Laundering scandal ensnares Singapore banking giants
Bloomberg News, 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.
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.
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.
Faked Philippine records left false trail for Wirecard exec
Published on 05/07/2020
» Faked immigration records in the Philippines were used to throw off authorities seeking a former executive at Wirecard AG, who went missing after the German firm was implicated in an accounting scandal.
Wirecard to continue operating despite filing for insolvency
AFP, Published on 28/06/2020
» FRANKFURT AM MAIN: German payments provider Wirecard said Saturday that it would continue to operate despite filing for insolvency following a vast accounting fraud scandal.
Singapore tells Wirecard to keep customer funds in local banks
Bloomberg News, Published on 23/06/2020
» Singapore has told Wirecard AG to ensure it keeps customer funds from its payments processing business in the city state in local banks, the financial regulator said.
Scandal-hit Wirecard says missing €1.9bn likely 'gone'
AFP, Published on 22/06/2020
» FRANKFURT AM MAIN: German start-up Wirecard on Monday admitted that €1.9 billion that auditors said were missing from its accounts probably "do not exist", as the payments provider plunged deeper into crisis.