Sentences with phrase «financial scandals of»

The corporate financial scandals of the past few years have emphasized the importance of legal risk management.
The 2001 IPCC report produced findings that have guided investment decisions, which vastly exceed the sums involved in even the largest financial scandals of recent years.
Something remarkable about Vanguard is how it remained untouched through the financial scandals of the Great Recession.
Enron was the most famous financial scandal of the early 21st century.

Not exact matches

The Edge Financial Daily previously reported about the ongoing 1MDB scandal, including a detailed report claiming Low Taek Jho and PetroSaudi cheated Malaysia of $ 1.8 billion in cash.
In addition to that, the euro area has (a) worsening problems of political instability (Italy without government, unfolding corruption scandals in recession - hit Spain and France), (b) dysfunctional banking systems (weak banks and their impaired lending activities despite ample liquidity supplied by the ECB) and (c) lingering uncertainties about the financial system's credibility (problems with depositor and investor protection).
As investigators wrap their case against more than a dozen traders involved in the recent LIBOR scandal — which involves executives at Barclays and a growing list of international banks attempting to manipulate the benchmark figure for trillions of pounds» worth of financial contracts — they're revealing a curious fact about how some of the details were leaked in the first place.
WASHINGTON — The Supreme Court ruled Tuesday that whistleblower protections in a federal law passed in response to the Enron financial scandal apply broadly to employees of publicly traded companies and contractors hired by the companies.
In light of recent scandals, it's time for financial services firms to actively work to win or regain consumer trust.
In an election year, the Wells scandal is a Wall Street scandal that the average American is directly connected with (almost everyone has a bank account), and it can help the members of Congress look tough on the financial industry.
For instance, it may be hard for people without a reasonably intimate knowledge of the financial system to understand JPMorgan's «London Whale» trading scandal in 2012 or the Barclays Libor - rigging scandal in 2014.
After the Enron and WorldCom scandals of 2002, the Sarbanes - Oxley Act was instituted in the United States to, among other things, increase the independence of outside auditors when they review corporate financial statements.
But with the past year of corporate scandals bringing billion - dollar companies to their knees, most business owners are realizing that not having a handle on the company's financial inner workings can lead to disastrous consequences for companies both big and small.
With a financial scandal threatening to engulf him, a video has emerged showing Iceland's Prime Minister walking out of a television interview when asked to explain his involvement in an offshore company.
You'd think that after the hue and cry of that scandal, the U.S. automobile industry would have learned from GM's financial, legal, and public relations nightmare wouldn't happen again.
The bank in its fourth quarter of 2017 also set aside a reported # 746 million for additional potential legal penalties over a personal protection insurance (PPI) mis - selling scandal, and the U.K.'s Financial Conduct Authority has set an August deadline for the PPI claims.
Until recently, he has focused on more tangential issues for the Fed — like the regulation of scandal - ridden Libor interest rates, financial innovation, and housing policy.
Certainly we have seen notorious financial trading scandals over the years to prove that pathological gambling does happen outside of casinos.
Monti was widely credited with tightening Italy's public finances and restoring its international credibility after the scandal - plagued Berlusconi, whom he replaced as the 2011 financial crisis threatened to spin out of control.
The accumulation of expertise and financial wherewithal along the way has allowed Lululemon to shrug off things like the departure of CEO Robert Meers (the one - time Reebok International president was replaced by Day, a 20 - year veteran of Starbucks and doubtless a better representative of the company's core customer) and the seaweed scandal of 2007, when clothing touted for its supposedly skin - friendly properties was found to contain none of the marine ingredient.
Advertisers and their agencies should use their financial clout to force change at Facebook in the wake of the Cambridge Analytica data scandal.
On February 9, 2006, after many scandals regarding financial mishandling at the University of Medicine and Dentistry of New Jersey, Corzine nominated Robert Del Tufo, the former Attorney General of New Jersey and U.S. Attorney, as chairman of the board of trustees.
At the same time, a series of corporate scandals; failures in the financial, housing, and insurance sectors; and taxpayer bailouts of mismanaged businesses have fostered consumer distrust and skepticism of marketers» messages.
Wells Fargo has earned a reputation as one of the financial industry's worst actors in the wake of a string of recent scandals.
A series of scandals in the early 1990s nearly forced Salomon into bankruptcy, which prompted Buffett to launch an emergency takeover of the financial services firm of which he had a $ 700 million stake, reports Reuters.
The history of securities regulation in both the United Kingdom and the United States teaches that new regulation is an inevitable political response to financial crises and scandals.
A sexual dalliance, a casino kickback scandal, early elections and the lure of the Chinese market have resulted in the postponement of a high - level Canadian trade mission to Australia, reports the Australian Financial Review.
Volkswagen's emissions scandal has more in common with the arcane algorithms and opaque schemes at the heart of Wall Street's financial crisis than with traditional automotive recalls
The occurrence and pattern of financial scandal will tell us a lot about the likely problem areas in the financial system.
The resulting deregulated and unregulated institutions have brought us one financial crises after another — the savings and loan scandal, the bubble and bust in Real Estate Investment Trusts, the collapse of the hedge fund, Long Term Capital Management, which threatened to set off a daisy chain of bond defaults, and more.
Citi blames the discount on a series of scandals in recent years — from Enron and Worldcom to last year's «knuckleheaded» bond trade that got it into trouble with European financial regulators.
CHICAGO (Reuters)- Michigan State University's heightened financial risk in the wake of a sex abuse scandal involving former USA Gymnastics doctor Larry Nassar led Moody's Investors Service to cut the school's credit rating to Aa2 from Aa1 on Thursday.
Prime Minister Najib Razak was the best thing going for the ruling coalition in Malaysia's last elections, but he's a hindrance this time because of financial scandals and government policies blamed for a rising cost of living.
The German car manufacturer is not in a good financial position in the aftermath of the emissions scandal.
If the Rule of Law committee's description is correct, then The Australian Financial Review's stories had some part in setting off the avalanche of scandals and calamity that has engulfed Malta and which may have led to her death.
Michigan State University's heightened financial risk in the wake of a sex abuse scandal involving former USA Gymnastics doctor Larry Nassar led Moody's Investors Service to cut the school's credit rating to Aa2 from Aa1 on Thursday.
Given that the Financial Conduct Authority is still investigating the «timeliness and content» of the profit warnings that precipitated Carillion's fall, there may be more sources of scandal in store for the former board.
The former AMP lawyer who oversaw 25 drafts of a supposedly independent report handed to the corporate regulator has denied wrongdoing, after the financial services giant cleared departed chairman Catherine Brenner's handling of the scandal.
His years running the Inquisition did not prepare him to fill the Shoes of the Fisherman, given the financial and legal scandals the Church was going through.
Soon after the financial scandal broke last year involving Ivan Boesky, the Wall Street arbitrager, I spoke with a dean of Harvard University's Business School at a suburban Boston church.
If in Emerson's words «Every great institution is the lengthened shadow of a single man'there's no doubt that the Billy Graham Evangelistic Association's commitment to accountability is both a true reflection of Graham and a key reason why he has remained free of financial scandal.
The only other time church closures get reported is when it is a mega-church, or when the pastor or staff are caught in some sort of sex scandal or financial crime.
All my friends have left, It's a shame, as we were an active, supportive, faith - inspired community that went down the tubes with the disrespect shown towards women and children, financial scandal, crcxkdowns of authority, etc. from a local to the highest levels.
In recent years, the Church has been blighted by financial misdemeanours, abuses of power and sex scandals.
Another part of Pentecostalism's dark side is rampant sexual and financial scandals.
They have attempted on hundreds of occasion that lack of subservience to US sovereignty by repeatedly harbor known criminals in an attempt to avid the scandal of their prosecution, They also engage in ongoing financial fraud denying Americans their rightful revenues, and exploiting their own members.
Well Bob, we've moved from my belief in second amendment rights of the U.S. Constiitution to allegations of financial scandal and a repeat of child abuses crimes.
The Australian Financial Review has obtained a copy of the code and can reveal that consumer groups including Choice and the Minister for Financial Services, Kelly O'Dwyer, are concerned that it falls short in rebuilding trust in the scandal - ridden sector.
No one would fault her or any woman for putting her marriage and family first, but when things go awry — case in point, the Stewart scandal — the person who inevitably suffers is the one who gave up so much, albeit now enjoying the successes, financial and otherwise, of her husband.
The Park District endured months of financial and criminal investigations in the wake of a scandal that led to the dismissal of several key administrators.
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