Financial Scandal
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How Scandal And Mistrust Ended Credit Suisse's 166-Year History
Credit Suisse Group AG, once one of the stalwarts of the global financial system, is no more.
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What is Wash Trading? Mark Cuban Predicts It Will ‘Implode’ Crypto Sector
Billionaire crypto supporter Mark Cuban has predicted that the year of 2023 will have its own share of scandals, and that wash trading could trigger a lot of it. When a group of traders or bots purposely engage in the buying and selling of the same crypto asset to inflate its price, that process is called wash trading.
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Ex-Malaysia Prime Minister Could Face More Charges In Corruption Case
Malaysia's jailed former prime minister Najib Razak returned to court Thursday to face more charges linked to a multi-billion-dollar financial scandal at state fund 1MDB, two days after he began serving a 12-year prison term.
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Malaysia Ex PM's Jail Term In Corruption Case Upheld By Top Court
Malaysia's highest court Tuesday upheld former prime minister Najib Razak's 12-year jail sentence for corruption in the 1MDB financial scandal, a decision analysts said could slam the door to a political comeback.
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Spain's Exiled Ex-King Returns Home After Two Years, Attracts Backlash
Juan Carlos I: Spain's former king made his first trip home on Thursday after nearly two years in exile following a string of financial scandals, sparking widespread criticism.
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Amid Pegasus Scandal, Israel Reportedly Slashes List of Countries Which Can Buy Cyber Tech
Israel slashed its list of countries eligible to buy its cyber technologies following concern over possible abuses abroad of a hacking tool sold by Israeli firm NSO Group, Israel's Calcalist financial newspaper reported.
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Vatican To Lose 100 Million Pounds In London Building Sale: Report
The Vatican stands to lose 100 million pounds in charity donations with the sale of a London luxury building at the centre of a financial scandal, a report said Monday.
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"Most Expansive Expose Of Financial Secrecy" To Be Published Today
Panama fears the publication Sunday of a new expose about financial secrecy in global tax havens could again taint its reputation, which was seriously damaged by the "Panama Papers" scandal, according to a government letter released by local media.
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Goldman Sachs Agrees To Largest Penalty Ever Of $2.9 Billion In 1MDB Scandal
Global financial titan Goldman Sachs agreed to pay $2.9 billion in penalties to settle criminal charges in the 1MDB Malaysian bribery scandal, the largest US fine ever in a corruption case, the Justice Department announced Thursday.
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Indian Tycoon BR Shetty Demands CBI Probe In $6 Billion Scandal: Report
Businessman BR Shetty has filed a complaint with investigative agencies seeking a probe into two former top executives of his companies and two banks related to a multi-billion dollar financial scandal engulfing his group.
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Jeffrey Epstein's Girlfriend Arrested In Sex Abuse Case
English socialite Ghislaine Maxwell was arrested Thursday and charged with sex trafficking minors for late financier Jeffrey Epstein, the latest twist in a dramatic scandal that has embroiled Britain's royal family.
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Yes Bank Debt Writedown To Make Capital Raising More Difficult
The takeover of Yes Bank by India's central bank last week comes against the backdrop of a string of scandals in the country's financial sector in the last couple of years
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Volkswagen Takes One-Two Punch In Australia With Fine, Regulatory Proceedings
Volkswagen AG took two raps in Australia on Friday as a federal court upheld a fine on the German car maker as part of a global diesel emissions cheating scandal and a regulator started penalty proceedings against one of its financial units.
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Pope Francis Names New Financial Regulator Following Police Raid
Pope Francis, moving quickly to fill a top financial position left vacant by an ongoing scandal, on Wednesday named a senior official from the Bank of Italy to head the Vatican's financial regulator.
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What Happened To A Startup With A #MeToo Scandal And No HR Department
The #MeToo movement has helped uncover the many ways men abuse positions of power, as well as the corporate fixers and financial settlements that enable such behavior.
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How Scandal And Mistrust Ended Credit Suisse's 166-Year History
Credit Suisse Group AG, once one of the stalwarts of the global financial system, is no more.
-
What is Wash Trading? Mark Cuban Predicts It Will ‘Implode’ Crypto Sector
Billionaire crypto supporter Mark Cuban has predicted that the year of 2023 will have its own share of scandals, and that wash trading could trigger a lot of it. When a group of traders or bots purposely engage in the buying and selling of the same crypto asset to inflate its price, that process is called wash trading.
-
Ex-Malaysia Prime Minister Could Face More Charges In Corruption Case
Malaysia's jailed former prime minister Najib Razak returned to court Thursday to face more charges linked to a multi-billion-dollar financial scandal at state fund 1MDB, two days after he began serving a 12-year prison term.
-
Malaysia Ex PM's Jail Term In Corruption Case Upheld By Top Court
Malaysia's highest court Tuesday upheld former prime minister Najib Razak's 12-year jail sentence for corruption in the 1MDB financial scandal, a decision analysts said could slam the door to a political comeback.
-
Spain's Exiled Ex-King Returns Home After Two Years, Attracts Backlash
Juan Carlos I: Spain's former king made his first trip home on Thursday after nearly two years in exile following a string of financial scandals, sparking widespread criticism.
-
Amid Pegasus Scandal, Israel Reportedly Slashes List of Countries Which Can Buy Cyber Tech
Israel slashed its list of countries eligible to buy its cyber technologies following concern over possible abuses abroad of a hacking tool sold by Israeli firm NSO Group, Israel's Calcalist financial newspaper reported.
-
Vatican To Lose 100 Million Pounds In London Building Sale: Report
The Vatican stands to lose 100 million pounds in charity donations with the sale of a London luxury building at the centre of a financial scandal, a report said Monday.
-
"Most Expansive Expose Of Financial Secrecy" To Be Published Today
Panama fears the publication Sunday of a new expose about financial secrecy in global tax havens could again taint its reputation, which was seriously damaged by the "Panama Papers" scandal, according to a government letter released by local media.
-
Goldman Sachs Agrees To Largest Penalty Ever Of $2.9 Billion In 1MDB Scandal
Global financial titan Goldman Sachs agreed to pay $2.9 billion in penalties to settle criminal charges in the 1MDB Malaysian bribery scandal, the largest US fine ever in a corruption case, the Justice Department announced Thursday.
-
Indian Tycoon BR Shetty Demands CBI Probe In $6 Billion Scandal: Report
Businessman BR Shetty has filed a complaint with investigative agencies seeking a probe into two former top executives of his companies and two banks related to a multi-billion dollar financial scandal engulfing his group.
-
Jeffrey Epstein's Girlfriend Arrested In Sex Abuse Case
English socialite Ghislaine Maxwell was arrested Thursday and charged with sex trafficking minors for late financier Jeffrey Epstein, the latest twist in a dramatic scandal that has embroiled Britain's royal family.
-
Yes Bank Debt Writedown To Make Capital Raising More Difficult
The takeover of Yes Bank by India's central bank last week comes against the backdrop of a string of scandals in the country's financial sector in the last couple of years
-
Volkswagen Takes One-Two Punch In Australia With Fine, Regulatory Proceedings
Volkswagen AG took two raps in Australia on Friday as a federal court upheld a fine on the German car maker as part of a global diesel emissions cheating scandal and a regulator started penalty proceedings against one of its financial units.
-
Pope Francis Names New Financial Regulator Following Police Raid
Pope Francis, moving quickly to fill a top financial position left vacant by an ongoing scandal, on Wednesday named a senior official from the Bank of Italy to head the Vatican's financial regulator.
-
What Happened To A Startup With A #MeToo Scandal And No HR Department
The #MeToo movement has helped uncover the many ways men abuse positions of power, as well as the corporate fixers and financial settlements that enable such behavior.
