scandals

Sen. Elizabeth Warren Recommends Breaking Up Wells Fargo
Sen. Elizabeth Warren Recommends Breaking Up Wells Fargo
September 15, 2021  |  Bank Regulation

Sen. Elizabeth Warren said she thinks the Federal Reserve needs to break up Wells Fargo over what she referred to in a letter on Monday...

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Credit Suisse Considers Adding Risk Experts to Board 
Credit Suisse Considers Adding Risk Experts to Board 
August 13, 2021  |  Risk Management

Swiss bank Credit Suisse said on Friday (Aug. 13) it wants to add two risk experts to its non-executive board in the wake of a...

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Wirecard Staff Reportedly Took Large Sums Of Cash From HQ
Wirecard Staff Reportedly Took Large Sums Of Cash From HQ
April 22, 2021  |  Security & Fraud

Wirecard staffers reportedly took millions of euros in funds from the firm’s German base in plastic bags during a timeframe that spanned years, the Financial...

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EY Pressured To Testify About Role In Wirecard Scandal
EY Pressured To Testify About Role In Wirecard Scandal
November 25, 2020  |  Legal

EY is increasingly finding itself on the hot seat as German lawmakers and investigators dig deeper into the collapse of payments giant Wirecard, whose books...

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SEC Charges Former Wells Fargo CEO And Bank Head In Fraud Scandal
SEC Charges Former Wells Fargo CEO And Bank Head In Fraud Scandal
November 13, 2020  |  Security & Fraud

The U.S. Securities and Exchange Commission (SEC) on Friday (Nov. 13) civilly charged former Wells Fargo CEO John Stumpf and Carrie Tolstedt, ex-head of Wells...

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HSBC To Staff: Stay Off Bank’s Social Media Accounts
HSBC To Staff: Stay Off Bank’s Social Media Accounts
September 21, 2020  |  Security & Fraud

The 233,000 worldwide employees of HSBC Holdings Plc were ordered on Monday (Sept. 21) to stay off the bank’s social media sites after a report...

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FinCEN Files Show Banks’ Use Of AI And Machine Learning Effective In KYC/AML
FinCEN Files Show Banks’ Use Of AI And Machine Learning Effective In KYC/AML
September 21, 2020  |  Security & Fraud

Gross negligence – or evidence of a battle waged by banks that requires new, high-tech weaponry? To that end, and as reported by BuzzFeed, documents...

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Philippines Investigates 57 Potential Participants In Wirecard Scandal
Philippines Investigates 57 Potential Participants In Wirecard Scandal
September 11, 2020  |  Security & Fraud

Fifty-seven local and international “persons of interest” who possibly participated in the Wirecard AG scandal are subjects of a probe by government officials in the...

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Germany’s Parliament Announces Plans To Investigate Wirecard 
Germany’s Parliament Announces Plans To Investigate Wirecard 
September 01, 2020  |  Security & Fraud

As the criminal investigation into the collapse of Wirecard AG continues, the Bundestag (Germany’s Parliament) is planning to hold an inquiry into the payment company....

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