[ad_1] By Andreas Rinke, Neil Jerome Morales BERLIN/MANILA (Reuters) – Germany’s opposition called on Monday for a parliamentary inquiry into the collapse of payments firm Wirecard after a global fraud…
Tag: White Collar Crime / Fraud / Corporate Crime
Germany bans Wirecard ‘shorting’ as prosecutors probe FT journalist
[ad_1] FRANKFURT (Reuters) – Germany’s financial watchdog has banned “short” selling of Wirecard shares due to volatility in the payments firm’s stock following reports in the Financial Times which are…
Unregulated British firm Financial.org closes investors’ accounts
[ad_1] LONDON/JAKARTA (Reuters) – Unregulated British firm Financial.org, which is on eight watchdogs’ alert lists, has closed all investors’ dollar accounts and converted the balances to its new cryptocurrency, according…
Money laundering could affect financial stability, Danish central bank warns
[ad_1] By Teis Jensen, Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – A money laundering scandal at Danske Bank DANSKE.CO involving billions of euros of suspicious flows is serious enough to potentially affect…
Deutsche cuts back correspondent banking after Danske scandal
[ad_1] FILE PHOTO: The headquarters of Germany’s Deutsche Bank are seen early evening in Frankfurt, Germany January 31, 2017. REUTERS/Kai Pfaffenbach/File Photo FRANKFURT (Reuters) – Deutsche Bank has sharply scaled…
Former Wirecard boss Braun to be quizzed by German lawmakers
[ad_1] FILE PHOTO: Markus Braun, CEO of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions attends the company’s annual news conference in Aschheim…
Swedbank names frontrunner Henriksson new CEO in bid to rebuild trust
[ad_1] By Johannes Hellstrom, Simon Johnson STOCKHOLM (Reuters) – Swedbank SWEDa.ST has named Jens Henriksson, the head of insurer Folksam as chief executive officer, as the lender tries to rebuild…
London forex trader sues Citigroup over ‘malicious’ forex prosecution
[ad_1] LONDON (Reuters) – A London-based former Citigroup C.N trader is suing the U.S. bank for more than $112 million, alleging it made materially false and malicious statements to U.S.…