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.