Investors Sue Deutsche Bank, Executives Over Compliance Fine Linked to Epstein July 17, 2020 FRANKFURT/NEW YORK— Investors are suing Deutsche Bank and its CEO Christian Sewing, alleging the bank made false and misleading statements...
UK Watchdog Urges Big 4 Accounting Firms to Challenge Clients as Audit Quality Slides July 15, 2020 By Hugo Miller and Michael Kapoor The dominant accounting firms must do a better job of challenging their clients in order to reach a satisfactory level...
Insurance Costs Rising for Cannabis Firms as Unhappy Investors File Slew of Lawsuits July 8, 2020 By Shariq Khan and Nichola Saminather Canadian and U.S. cannabis companies are facing a spike in already high costs of insurance to protect top executives from...
Wirecard Probe Expands with Arrest of Head of Dubai-Based Subsidiary July 7, 2020 By Douglas Busvine and Arno Schuetze BERLIN/FRANKFURT – German prosecutors said on Monday they had arrested the head of a Dubai-based subsidiary of Wirecard, widening the...
Mining Groups Should Be Required to Buy Insurance for Tailings Dams: Report June 30, 2020 Mining companies should be required to buy private insurance for tailings dams and their board of directors should be held...
Italy to Protect Businesses from Liability if Workers Catch Coronavirus: News Report May 18, 2020 By Ross Larsen Italian businesses that follow the health and safety rules are protected from liability in case returning workers catch coronavirus, the...
Few Coronavirus Liability Lawsuits Have Been Filed Thus Far May 15, 2020 By Tom Hals Businesses are urging U.S. lawmakers to shield companies from what they fear could be a flood of lawsuits by workers...
SEC Accuses Two Companies of Making Misleading COVID-19 Claims May 14, 2020 The Securities and Exchange Commission has charged two companies it says claimed to offer products to combat the COVID-19 virus....
Swedbank Slapped with Record $386M Fine for Money-Laundering Breaches March 20, 2020 By Colm Fulton, Johan Ahlander and Simon Johnson Sweden’s financial watchdog hit lender Swedbank with a record fine of 4 billion crowns ($386 million) on Thursday for serious...
Brazil’s Vale Knew Deadly Tailings Dam Was Unsafe as Far Back as 2003: Report February 24, 2020 By Anthony Boadle and Gram Slattery An independent investigation requested by Brazilian iron ore miner Vale SA into the causes of the Brumadinho tailings dam disaster...