Midweek Roundup: EY Auditors Ignored Internal Warnings Over Wirecard, Trio of Swedish Lenders Under US Investigation, and More

An EY anti-fraud unit repeatedly warned in 2018 that Wirecard, the German payment processor which collapsed in June with a $2 billion hole on its books, was possibly manipulating its ledgers and called for an investigation, but a separate EY team did not respond to those concerns and omitted them from their annual audit of the company, the Financial Times reported. More Shares in SEB, Swedbank and Danske Bank dropped after Swedish daily Dagens Industri reported that the Nordic lenders are under U.S. investigation for suspected fraud and anti-money laundering violations linked to their operations in the Baltics, Reuters reported. More Mexican lawmakers agreed to revise a bill...