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WIRECARD SCANDAL
Irish fintech Nomupay gets $40 mln investment from SoftBankNomupay has since raised $120 million, with the last round of $37 million in January valuing it at $200 million. "We will integrate the Jap...- German financial watchdog: AI is helping to catch market abuseGermany's financial regulator, BaFin, is now employing artificial intelligence to detect market abuse and suspicious trading patterns, enha...
- Hindenburg allegations are red herrings thrown by discredited short-seller: Adani GroupThe Adani Group issued a statement rejecting new claims involving Sebi chief Madhabi Puri Buch and her husband in the Hindenburg case. The ...
- Sebi chief Madhabi Buch accuses Hindenburg of attempting character assassination, denies short-seller's allegationsSebi chief Madhabi Puri Buch and her husband Dhaval Buch have dismissed allegations from Hindenburg Research as baseless. They accuse the U...
- Singapore money laundering case embroils its banking giantsThe wide roster of banks join property agents, precious metals dealers and golf clubs in the city that have been drawn into this scandal. T...
- DBS, three other finance bodies fined 3.8 million Singaporean dollars for money laundering: ReportDBS, along with homegrown OCBC, Citibank Singapore and insurer Swiss Life Singapore of Swiss Life Group, have been jointly fined 3.8 millio...
- EY Germany to cut hundreds of jobs in profitability push - FTEY, one of "Big Four" global accountant firms, had audited and certified payments company Wirecard's books even as journalists and investor...
- UK's Big Four auditors await shake-up as corruption probes add upUK authorities want the industry to separate audit and consulting activities, while increasing oversight and competition following allegati...
- Why the Wirecard Scandal is relevant for India - Chapter 2: Need to protect the whistleblowerA review of the history of the Wirecard scam reveals that the questionable conduct of its business operations, the unaccounted high volume ...
- Why the Wirecard scandal is relevant for India - Part 1: Regulators and fintech boomCOVID-19 pandemic, the enthusiasm for fintech services and fintech software in daily transactions involving monies has been palpable everyw...
- Spying claims are latest twist in Germany's Wirecard thrillerOnce a darling of the fintech scene, the payments provider filed for insolvency in June after being forced to admit that 1.9 billion euros ...
- Pine Labs eyes Asia operations of sinking WirecardAt least four major payment deployers, including Hitachi Payments and Atos-backed Wordline Technology, have made enquiries about its sale, ...
- Implosion of high-flying billionaire trio shows pledging risksPledging is big in Asia, where state-owned banks dominate financial markets and high-growth companies are more common. Tycoons in China and...
- European shares rise on upbeat global mood, cyclicals jumpThe pan-European STOXX 600 rose 0.9% by 0716 GMT, in its fourth consecutive day of gains.
- Wirecard headquarters raided in probe of accounting scandalTwelve prosecutors were supported by 33 police officers as well as police IT experts in Wednesday's raids, Munich prosecutors said. Five lo...
- European shares inch higher, Wirecard surgesThe pan-European STOXX 600 index rose 0.2% after opening in the red, lifted by automakers and travel & leisure companies.
- Germany to sever ties with accounting watchdogBild am Sonntag newspaper reported earlier on Sunday that the Justice and Finance Ministries would on Monday cut ties with the FREP, a quas...
- EU investigating German watchdog over Wirecard collapseWirecard's implosion on Thursday, owing creditors almost $4 billion, is shaping up to be one of Germany's biggest corporate scandals, and r...
- Scandal-hit Wirecard files for insolvencyWirecard AG filed for insolvency, the culmination of a stunning accounting scandal that led to the arrest of its CEO and left the German pa...
- European shares fall as fears of new virus wave grip investorsThe pan-European STOXX 600 index slid 1 per cent by 0710 GMT, with travel and leisure, oil and gas, and bank stocks leading losses.
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