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Depfa, one of the companies subsidiaries ran into liquidity problems in 2008 as a result of the financial crisis. This combined with heavy losses reported by Hypo Real Estate itself led to a bailout by the Deutsche Bundesbank and later to a complete nationalization of the company. Schlecker: Germany: 23 Jan 2012: Retail
Opportunities: Although the financial statements of all companies are potentially subject to manipulation, the risk is greater for companies in industries where significant judgments and accounting estimates are involved. Turnover in accounting personnel or other deficiencies in accounting and information processes can create an opportunity for ...
Block Inc has agreed to pay a fine of $80 million to a group of 48 state financial regulators after the agencies determined the company had insufficient policies for policing money laundering ...
The company elected to disclose minimal details on its use of "special purpose entities". [6]: 11 These shell companies were created by a sponsor, but funded by independent equity investors and debt financing. For financial reporting purposes, a series of rules dictate whether a special purpose entity is a separate entity from the sponsor.
Cash App’s parent company is paying nine figures to settle a fight with federal regulators, in part thanks to an allegedly useless customer service phone number. On Thursday, the Consumer ...
Apple Buys Beats for $3.2 Billion. When consumer products giant Apple paid $3.2 billion for Dr. Dre’s Beats, many in the analyst community felt it was a huge financial misstep.
In the wake of the financial crisis, the Financial Crisis Inquiry Report [6] called out the "failures" of the Big Three rating agencies as "essential cogs in the wheel of financial destruction". According to the Financial Crisis Inquiry Commission, [7] The three credit rating agencies were key enablers of the financial meltdown.
BANGKOK (AP) — Nate Anderson, the founder of the muckraking financial information firm Hindenburg Research, says he is disbanding the organization after it finished the pipeline of work it set ...