Wirecard Forces ‘Radical’ Reboot Of German Accounting Regs
Wirecard Forces ‘Radical’ Reboot Of German Accounting Regs
June 28, 2020  |  Bank Regulation

As the fallout from Wirecard’s troubles unfold, Germany’s deputy finance minister has called for radical solutions to fix how accounting firms are regulated, the Financial...

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Amazon Said To Have Interest In Buying Russian eCommerce Player Ozon
Amazon Said To Have Interest In Buying Russian eCommerce Player Ozon
June 28, 2020  |  Partnerships / Acquisitions

Amazon and SoftBank Corp. are in talks with Sistema, one of the largest publicly traded companies in Russia, to purchase Ozon, the Russian online retailer,...

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FDIC Looks To Modernize Bank Reporting
FDIC Looks To Modernize Bank Reporting
June 28, 2020  |  Bank Regulation

The Federal Deposit Insurance Corp. (FDIC) is considering nixing its quarterly reports of banks in an attempt to modernize the way data is handled. Get...

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EY Accused Of Missing Alleged Wirecard Fraud
EY Accused Of Missing Alleged Wirecard Fraud
June 28, 2020  |  Security & Fraud

In the ongoing scandal of Wirecard, under fire for fraud, the focus is now turning to auditors Ernst & Young (EY), which reportedly failed to...

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Wirecard Says Payouts To Merchants Will Continue Uninterrupted
Wirecard Says Payouts To Merchants Will Continue Uninterrupted
June 28, 2020  |  Digital Payments

Wirecard AG, the disgraced German payments provider that filed for insolvency last week over a $2.1 billion accounting scandal, told customers it’s business as usual...

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EU To Crack Down On Stablecoin Projects
EU To Crack Down On Stablecoin Projects
June 28, 2020  |  Cryptocurrency

The European Union (EU) is preparing to update its cryptocurrency rules that could make it more difficult for stablecoin projects, such as Facebook Inc.’s proposed...

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PE Firms Shun Investments In Older Firms Hard Hit By Pandemic
PE Firms Shun Investments In Older Firms Hard Hit By Pandemic
June 28, 2020  |  Investments

Companies owned by private equity firms are not seeing the money for protection that those firms ostensibly have saved up, The Wall Street Journal (WSJ)...

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Leader Of Russian Cybercrime Ring Pleads Guilty
Leader Of Russian Cybercrime Ring Pleads Guilty
June 28, 2020  |  Security & Fraud

One of the leaders of Infraud Organization, the international cybercrime network, has pleaded guilty to conspiracy, according to the U.S. Department of Justice. Get the...

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San Francisco To Delay Next Wave Of Reopenings Amid COVID Spike
San Francisco To Delay Next Wave Of Reopenings Amid COVID Spike
June 28, 2020  |  Coronavirus

San Francisco’s planned next phase reopening scheduled for Monday (June 29) for outdoor bars, hair salons, museums and more has been put on hold. Get...

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