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India

John O'Donnell

Epstein red flags, Russian models land Deutsche Bank $150 million fine

07 Jul 2020

NEW YORK/FRANKFURT Deutsche Bank will pay a $150 million fine from a New York regulator for allowing disgraced financier Jeffrey Epstein to make payments to Russian models and withdraw suspicious amounts of cash during five years as a client. | Video

Who's to blame for Wirecard? Germany passes the buck

02 Jul 2020

FRANKFURT Germany's accountancy watchdog has denied blame for failing to spot problems at collapsed payments firm Wirecard, the latest in a string of agencies to shirk responsibility following the country's biggest accounting scandal.

Exclusive: Germany missed chances to put Wirecard on watchlist, source says

30 Jun 2020

FRANKFURT German regulators twice looked into tightening the supervision of collapsed payments firm Wirecard and discussed it with the German and European central banks but no action was taken, a person with direct knowledge of the talks told Reuters. | Video

'The money's gone': Wirecard collapses owing $4 billion

26 Jun 2020

FRANKFURT Wirecard collapsed on Thursday owing creditors almost $4 billion after disclosing a gaping hole in its books that its auditor EY said was the result of a sophisticated global fraud. | Video

'The money's gone': Wirecard collapses owing $4 billion

26 Jun 2020

FRANKFURT Wirecard collapsed on Thursday owing creditors almost $4 billion after disclosing a gaping hole in its books that its auditor EY said was the result of a sophisticated global fraud. | Video

Wirecard 'disaster' piles on pressure for corporate reform in Germany

23 Jun 2020

FRANKFURT/LONDON Wirecard's fall from grace prompted calls for an overhaul of Germany's system of corporate oversight on Tuesday, as the fraud scandal threatened to further undermine the country's once-prized reputation for integrity. | Video

Wirecard 'disaster' piles on pressure for corporate reform in Germany

23 Jun 2020

FRANKFURT/LONDON Wirecard's fall from grace prompted calls for an overhaul of Germany's system of corporate oversight on Tuesday, as the fraud scandal threatened to further undermine the country's once-prized reputation for integrity.

'Total disaster': Phantom billions plunge Wirecard into chaos

22 Jun 2020

FRANKFURT/MANILA Wirecard said on Monday that 1.9 billion euros ($2.1 billion) it had booked in its accounts likely never existed, a black hole that threatens to engulf the payments company and tarnish the reputation of Germany's financial watchdog. | Video

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