News

Wirecard's chief operating officer directed the now-defunct payment processor to provide services to Ukrainian oligarch Dmytro Firtash over the objections of anti-money laundering staff, Tagesschau reported. More Goldman Sachs cut the pay of chief executive David Solomon by more than a third last year in recognition of the "institutional" compliance failures that led to the bank's involvement in the embezzlement of billions of dollars from Malaysia's 1MDB, the Financial Times reported. More Germany's financial regulator plans to classify all-digital bank N26, a fintech, as a financial institution to bolster scrutiny over the firm and avoid the supervisory failures that enabled...