World news about “Financial scandal” published by euronews.
France Telecom boss keeps his job – for now France Telecom – otherwise known as Orange – saw its shares jump three percent on Monday after President Francois Hollande backed its boss to keep his job… 17/06/2013
Offshore Leaks’ web app lets netizens sort through leaked financial dataThe International Consortium of Investigative journalists (ICIJ) responsible for the Offshore Leaks has today released a web app that allows Internet users to… 15/06/2013
Orange boss charged over Tapie caseThe Chief Executive of French telecoms company Orange, Stephane Richard, has been charged with fraud. Richard was in hospital suffering from fatigue when… 12/06/2013
Vatican financial body finds possible money laundering The scandal plagued Vatican Bank has published the first annual report from its newly formed financial watchdog agency revealing that it had detected six… 22/05/2013
Probe launched into alleged Gaddafi funding of Sarkozy campaignFrench authorities are investigating allegations that late Libyan leader Muammar Gaddafi donated money for one of Nicolas Sarkozy’s presidential campaigns… 20/04/2013
Owning up: French cabinet ministers forced to declare assetsFrench president François Hollande, in hot water after the Cahuzac scandal and the Offshore Leaks revelation about his campaign financier, is keen to appear… 16/04/2013
Ministers of Bling named and shamed in France The ‘Great Revelation’ has begun as French politicians unveil their assets to the public with some rather surprising discoveries. Despite some MPs decrying… 15/04/2013
Ex-French minister with millions to invest Swiss Journalists have reported disgraced formed French finance minister, Jerome Cahuzac, could have stashed away 15 million euros in a foreign bank… 08/04/2013
Offshore: how secret rich covers were blown The few hiding money in offshore banks from the many who do not have the luxury… This is a story the International Consortium of Investigative Journalists… 05/04/2013
HBOS ‘colossal’ failure blamed on its bosses HBOS – the British bank that had to be bailed out with over thirty billion euros worth of taxpayers money – was so badly run it would have failed even without… 05/04/2013
Offshore Leaks set to reveal more embarrassing tax dodging The list detailing the identities of thousands of people hiding money in offshore accounts could reveal 160 times more data than Wikileaks. Analysing the… 05/04/2013
Bailed out British bank was ‘accident waiting to happen’ A damning report about bailed-out British bank HBOS. The Parliamentary Commission on Banking Standards says it was so badly run it would have failed even… 05/04/2013
French govt scrambles to limit damage from Cahuzac confessions The French cabinet has gone into damage limitation mode, reeling from the confessions of the former budget minister who lied about secret offshore bank… 03/04/2013
Politics overshadow Monte Paschi bank probe It is a crucial week for Italy’s Monte Paschi bank. As part of investigations into possible fraud magistrates are questioning key witnesses, including the… 04/02/2013
Spain’s corruption eruption In austerity-struck Spain, street protesters are screaming for the government to resign over the latest corruption scandal. At the head of the conservative… 01/02/2013
Libor scandal takes a new turn this week Despite the lack of an official statement, it is considered almost certain that UBS will settle an ongoing investigation for manipulation of benchmark lending… 17/12/2012
HSBC money laundering hit to be big HSBC has said is likely to face criminal charges in the US over a failure to prevent money laundering. Europe’s biggest bank also anticipated a fine… 05/11/2012
RBS braced for Libor probe fines Royal Bank of Scotland, which faces fines for its part in the Libor global interest rate rigging scandal, has said it wants to reach a settlement as soon as… 02/11/2012
Barclays faces fresh US investigations Further legal problems for Barclays. After its reputation was damaged by the Libor interest rate rigging scandal, the British bank is now being… 31/10/2012
Vatican: Small state, big debateThe Pope Benedict’s former butler Paolo Gabriele, accused of stealing and leaking the pontiff’s personal papers, was sentenced to 18 months in detention by a… 06/10/2012
‘Broken’ Libor can be fixed says UK watchdog Britain’s top financial watchdog says it will fix the Libor rate setting system rather than scrap it. Libor was hit by scandal when it was discovered some… 28/09/2012
Former Olympus executives plead guilty in fraud trial Three former top bosses of Japanese camera and medical equipment maker Olympus have admitted involvement in one of Japan’s biggest corporate scandals. The… 25/09/2012
Libor investigation grows US prosecutors have more banks in their sights over the Libor international interest rate fixing scandal. Reportedly JPMorgan Chase, Deutsche Bank, Royal… 16/08/2012
Standard Chartered deal with US agencies in the works Shares of Standard Chartered rose sharply in London on Wednesday after it reached a multi-million dollar deal with New York’s financial regulator over its… 15/08/2012
‘EADS bosses knew about Saudi bribes’ – report Senior executives with aerospace firm EADS were reportedly told five years ago about potential bribes to Saudi Arabian officials. The alleged scandal – now… 14/08/2012
Libor scandal prompts overhaul by UK regulator Britain’s financial regulator has launched plans to overhaul Libor, the process used to determine inter-bank interest rates. Libor’s credibility was… 10/08/2012
UK bank storm US regulators have accused Standard Chartered of scheming with the Iranian government and of hiding thousands of secret transactions for hundreds of billions… 10/08/2012
StanChart fights back on Iran allegations How serious is the trouble facing Standard Chartered – the British bank accused by New York regulators of breaking US sanctions over money transfers from… 08/08/2012
Rate-fixing bankers should face criminal charges, EU says Rate-fixing bankers should be treated as criminals, the European Commission said on Wednesday. That is the view of the EU’s executive amid public anger over… 25/07/2012
More banks to pay dear for Libor fixing The Financial Times is reporting that as well as Barclays, another 11 global banks will be implicated in the Libor scandal. And according to analysts at… 13/07/2012
Barclays’ Diamond waves millions in pay-off Barclays ex-Chief Executive Bob Diamond has waived his bonus this year as well as various share and other awards totalling up to 25 million euros. The… 10/07/2012
Call for criminal sanctions for Libor abuse Europe’s top regulatory official is set to propose new rules that would criminalise the manipulation of benchmarks such as Libor. Michel Barnier wants to… 09/07/2012
Libor scandal probes spread Britain’s anti-fraud investigators are to look into the Libor interest rate-rigging scandal. The Serious Fraud Office probe comes after Barclays chief… 06/07/2012
Bank trust shredded in Britain Public perception that banking practices are inherently dishonest may make the Barclays Libor scandal in Britain a tipping point away from the traditional… 04/07/2012
Business gone – Barclays to blame? One person with little reason to trust banks is British businessman Mike Lloyd, part owner of a group running 12 pubs in southern England. He says Barclays… 04/07/2012
What is Libor and why should we care? Libor – the London Interbank Offered Rate – is the average cost of borrowing at which Britain’s banks lend each other money. It is calculated daily, based… 02/07/2012
Olympus cuts jobs, looks at tie-ups Scandal-hit Olympus is to cut 2,700 jobs – seven percent of its workforce – over the next two and a half years, mostly overseas in its manufacturing… 08/06/2012
Sharing turns to suing over Facebook IPO Facebook and a number of banks are being sued by some of the social networking site’s new shareholders. They are angry and have claimed that its weakened… 23/05/2012
Olympus board picks raise investors concerns Japan’s Olympus has named a new board of directors as it tries to move on from a massive accounting fraud. But some foreign investors – who have to vote on… 27/02/2012
Inaki Urdangarin : “Just wait until I get you!”Anti-monarchy protesters demonstrate near a courthouse where Inaki Urdangarin, the son-in-law of Spain’s King Juan Carlos, arrived for questioning over… 25/02/2012
Former Greek bank head’s Swiss accounts frozen – reports The Swiss authorities have reportedly frozen three bank accounts of the former head of private Greek bank Proton. Greek businessman Lavrentis Lavrentiadis… 24/02/2012
Anger over bonuses at loss-making RBS Britain’s Royal Bank of Scotland is again the target of public outrage with fresh protests at its branches after the lender awarded over 925 million euros in… 23/02/2012
Japan’s Olympus sues bosses over scandal Olympus is suing its current president and 18 other executives, past and present, for 37 million euros in compensation over a massive accounting scandal… 10/01/2012
Swiss central bank chief quits over wife’s forex deal The head of the Swiss National Bank, Philipp Hildebrand, has resigned because of a controversial foreign currency trade made by his wife. He said he was… 09/01/2012
Tokyo Olympus buildings raided in accounting scandal Dozens of investigators have raided buildings belonging to the Japanese company Olympus in Tokyo. Their inquiry revolves around an accounting scandal that… 21/12/2011
Olympus reveals massive balance sheet hitThe true cost of Olympus’ 13-year long fraud has been revealed. The disgraced Japanese camera and medical equipment maker has met a deadline for filing… 14/12/2011
Olympus report urges legal action A damning report has been released by the independent panel of experts looking into the accounting scandal at Olympus. It urges legal action against the… 06/12/2011
Woodford to help with Olympus prosecution The British former boss of Olympus Corp. Michael Woodford has met with Japanese police and prosecutors, the first time he has been back in Japan since fleeing… 24/11/2011
Police raid offices in Parmalat probe – sources Italian finance police investigating possible insider trading and market-rigging involving food group Parmalat have reportedly searched several company… 11/05/2011
Spain’s PM Rajoy denies receiving secret cashSpain’s ruling People’s Party has denied that Prime Minister Mariano Rajoy and other leaders received secret cash payments. The statements come after… 31/01/2013
Wegelin bank to close after US tax dodge fineThe oldest private Swiss bank is to close after admitting its role in helping wealthy Americans dodge their taxes. Wegelin Bank, which was founded in 1741… 04/01/2013
Israel foreign minister quits over financial scandalIsrael’s Foreign Minister Avigdor Lieberman has resigned, bowing to pressure over charges of fraud and breach of trust. He has been linked to a financial… 14/12/2012
Deutsche Bank arrests in carbon permits fraud investigationDeutsche Bank’s Frankfurt headquarters have been raided and five employees arrested as police investigate tax evasion and money laundering using carbon… 12/12/2012
Afghan elite castigated over huge Kabulbank fraudA report into Afghanistan’s biggest financial scandal which prompted the collapse of the KabulBank two years ago has blamed politicians and bankers, as well… 28/11/2012
Greek journalist accused of exposing tax-dodgers goes on trialA journalist who published the names of wealthy Greeks who supposedly have Swiss bank accounts appeared in court in Athens on Thursday. Costas Vaxevanis is… 01/11/2012
French rogue trader asks for helpFormer Société Générale trader Jérome Kerviel is appealing to his former colleagues to help him avoid jail. The 35-year-old plans to appeal to France’s… 25/10/2012
French rogue trader Kerviel loses appealA Paris appeal court has upheld a jail sentence for Jérome Kerviel, the rogue trader who lost the bank Société Générale (Soc-Gen) nearly five-billion euros… 24/10/2012
Rogue-trader Kerviel loses appealJerome Kerviel, the man behind France’s biggest rogue trading scandal, has lost his appeal at a Paris court, which has upheld his jail term. Kerviel was… 24/10/2012
Ex-SocGen trader Kerviel jailed for 3 yearsFormer Societe Generale trader Jerome Kerviel was sentenced to three years in prison for his role in France’s biggest rogue-trading scandal on Wednesday and… 24/10/2012
Lehman Australia successfully suedA group of councils, churches and charities in Australia has successfully sued the Australian arm of failed investment bank Lehman Brothers. Although an… 21/09/2012
Ex-Anglo Irish bank boss charged with fraudThe man who used to be in charge of the bank most connected to Ireland’s financial crisis has been charged with 16 fraud-related offences. After being… 24/07/2012
Ex-Anglo Irish bank boss arrestedThe former head of the bank at the centre of Ireland’s economic crisis has been arrested. Sean Fitzpatrick, who was with Anglo Irish bank for 20 years… 24/07/2012
Vatican Bank criticised in European Council reportThe Vatican still has a lot of work to do over financial transparency, according to a report by the Council of Europe’s Moneyval, which has assessed the… 18/07/2012
Diamond departure welcomed by politiciansPoliticians have been united in their positive response to Bob Diamond’s resignation as Chief Executive of Barclays Bank. The 60-year-old quit on Tuesday… 03/07/2012
Diamond loses sheen and quits BarclaysBob Diamond, the Chief Executive of Barclays Bank, has resigned. The 60-year-old American had faced an orchestrated call for his head in the wake of the… 03/07/2012
British Banks under political scrutinyThe focus on Barclays Bank following the interbank lending rate-fixing scandal has widened. Now all British banks will come under scrutiny in a parliamentary… 02/07/2012
Barclays Bank Diamond under more pressure to goMarcus Agius who resigned as chairman of Barclays Bank is being seen as sacrificial lamb. “The buck stops with me,” he reasoned following the interbank… 02/07/2012
Bernard Madoff’s brother pleads guilty in Ponzi casePeter Madoff, the younger brother of swindler Bernard, has been arrested in connection with his sibling’s notorious Ponzi scheme. Detained by FBI agents in… 29/06/2012
Pope denounces press coverage of ‘Vatileaks’ scandalPope Benedict XVI has denounced what he called the false media coverage of a leaks scandal that has rocked the Vatican. The pontiff spoke out after the… 31/05/2012
Spanish Duke’s day in courtThe King of Spain’s son-in-law has appeared in court for the first time to answer fraud and embezzlement charges in a case that is proving a rallying point… 25/02/2012
Spanish royals under legal stressThe popular Spanish monarchy is going through its first modern scandal. Fourteen years after Iñaki Urdangarin joined the royal family by marrying the princess… 25/02/2012
Spanish duke faces judge over corruption claimsThe son-in-law of Spain’s King Juan Carlos is appearing before a judge in Majorca to decide whether he will face trial for corruption. The Duke of Palma… 25/02/2012
Immunity debate shakes up German politicsThe Wulff affair has rocked the normally staid world of German politics and undermined the image of the presidency. As the scandal gathers momentum the CDU’s… 17/02/2012
Will Germany’s President lose legal immunity?Prosecutors in Germany called on parliament to lift President Christian Wulff’s immunity from prosecution over allegations he accepted a private loan to buy a… 17/02/2012
Anger over bonus for head of nationalised RBS in UKThere has been widespread fury in the UK over a bonus of more than £950,000 paid to the boss of the bailed-out Royal Bank of Scotland. Stephen Hester’s… 28/01/2012
Carla Bruni rejects charity misconduct claimsCarla Bruni-Sarkozy has rejected claims of financial irregularities linked to her charity work. In 2008, France’s First Lady signed up as an ambassador for… 07/01/2012
Spanish royal regret over fraud inquiryThe son-in-law of King Juan Carlos of Spain says he regrets embarrassing the royal family over a fraud investigation into his business affairs. Iñaki… 11/12/2011
Austrian airline in fuel charge fiascoAustrian airline Comtel is investigating claims that some of its passengers were forced to pay for refuelling when their plane stopped in Vienna. The… 17/11/2011
One man arrested in UBS fraud investigationPolice in London have arrested a man on suspicion of fraud in connection with huge losses at the Swiss bank UBS. The bank said it had discovered… 15/09/2011
Further arrests in Korea in match fixing scandalFootball’s K League in South Korea has been tainted again following the arrests of 46 players. The action comes on the back of the match fixing scandal which… 08/07/2011
Turkish police raid football clubs in match-fixing scandalTurkish police have arrested around 60 people, including the president of top side Fenerbahce Aziz Yildirim as part of an ongoing investigation into… 04/07/2011
US billionaire found guilty of insider tradingThe US hedge fund billionaire Raj Rajaratnam has been found guilty of making millions of dollars from insider trading. Released on bail, the founder of the… 12/05/2011
