Search results
Results from the WOW.Com Content Network
A corporate scandal involves alleged or actual unethical behavior by people acting within or on behalf of a corporation. Many recent corporate collapses and scandals have involved some type of false or inappropriate accounting (see list at accounting scandals).
Kerviel's lawyers, Elisabeth Meyer and Christian Charrière-Bournazel, said that the bank's managers "brought the loss on themselves"; accused the bank's management of wanting to "raise a smokescreen to divert public attention from far more substantial losses in the last few months"; and said that Kerviel had made the bank a profit of $2 ...
In mid September 2021, The Wall Street Journal began publishing articles on Facebook based on internal documents from unknown provenance. Revelations included reporting of special allowances on posts from high-profile users ("XCheck"), subdued responses to flagged information on human traffickers and drug cartels, a shareholder lawsuit concerning the cost of Facebook (now Meta) CEO Mark ...
The subsidies of about 85 cents per month, or $170 million a year over six years, for the nuclear power plants were repealed in March 2021, about a year after the scandal blew up. But HB 6 also ...
For premium support please call: 800-290-4726 more ways to reach us
From Cambridge Analytica to Deutsche Bank to WhatsApp, we catalog the biggest corporate scandals of the year.
In 2012, the Estonian Financial Supervision Authority published a critical report on the Danske Bank's activities. One of Russian whistleblower Sergei Magnitsky's stolen Hermitage Capital Management subsidiaries, Diron Trade LLP which had a Great Britain postal box, assisted in $5.8 billion in money laundering transfers between Swedbank's Baltic subsidiaries and Danske Bank during 6 months in ...
An estimated trading loss of $2 billion was announced. However, the loss amounted to more than $6 billion for JPMorgan Chase. [2] [3] These events gave rise to a number of investigations to examine the firm's risk management systems and internal controls. JPMorgan Chase agreed to pay $920 million in total fines to US and UK authorities.