Wall Street Journal (July 17)
“Germany has a patchy record in fighting corporate crime. Volkswagen AG ’s giant emissions-cheating scandal was uncovered by California. The U.S. has imposed more money-laundering fines on troubled German lender Deutsche Bank AG than Germany has. BaFin’s decadelong blind spot for Wirecard now raises questions about the country’s ability to enforce securities rules that protect investors.”
Tags: BaFin, Blind spot, California, Corporate crime, Deutsche Bank, Emissions, Enforce, Fines, Germany, Investors, Money laundering, Patchy record, Scandal, Securities rules, U.S., Volkswagen, Wirecard
Reuters (August 16)
“Banks still have to work to rebuild public trust, despite years of restructuring and paying fines and compensation for misbehaviour.” A YouGov survey found that “66 percent of adults in Britain do not trust banks to work in the best interests of society.”
Tags: Banks, Compensation, Fines, Misbehaviour, Public trust, Restructuring, Society, Survey, Trust, UK, YouGov
