Author: Lucas Peterson
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German Regulator Imposed Penalties On Auditor EY For Wirecard Scandal!
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The German subsidiary of the big four auditing firm EY must wait to undertake new audit mandates with public interest groups for two years. In addition, the state supervisory authority APAS imposed fined for EY and involved auditors.
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Elon Musk Seeks To Dismiss $258 Billion Dogecoin Lawsuit!
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The plaintiffs point to a series of tweets by Musk about Dogecoin, but his lawyers argue that these were often just “harmless and silly” and “not at all unlawful.” Meanwhile, Evan Spencer, the attorney for the plaintiff side, is “more confident than ever that our case will succeed.”
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US OCC Appoints Prashant Bhardwaj To Head New Fintech Office!
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The U.S. Office of the Comptroller of the Currency (OCC) has established a new office of fintech and appointed Prashant Bhardwaj to head the department as deputy comptroller and chief financial technology officer.
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Binance CEO Denies Rumours Of Interpol Red Notice!
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The cryptocurrency market has been abuzz with recent rumors from an anonymous source claiming that Changpeng Zhao (CZ), CEO of cryptocurrency exchange Binance, allegedly received a Red Notice from Interpol. The rumor about the issuance of an Interpol Red Notice for Changpeng Zhao (CZ), the CEO of Binance, has immediately…
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German Nextmarkets Sells Assets And Faces Liquidation!
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At the trading app nextmarkets, the sellout starts, followed by liquidation. Still, in 2021, the FinTech raised €30 million and had big plans. Investor FinLab refers to the “weakness in the financing market” concerning the planned end of nextmarkets.
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Up To 30 Percent Of Jobs Eliminated At UBS-Credit-Suisse!
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In Switzerland, up to 11,000 employees could be affected by the UBS takeover of Credit Suisse. UBS Group plans to cut its workforce by between 20% and 30%, slashing as many as 36,000 jobs worldwide, Swiss newspaper Sonntagszeitung reported, citing a senior manager at UBS.
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Swedish Startup Financier Comes To Germany!
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ArK Kapital is expanding into Germany. The Swedish fintech provides loans of up to ten million euros to startups. Mariam Koorang manages the German business, which currently has five employees in Berlin.
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Bafin Investigates Crypto.com!
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Bafin has opened investigations against against Crypto.com that may have directed its offering to customers in Germany without sufficient permission. Meanwhile, Crypto.com is withdrawing from the German market.
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New Boss At UBS: Ermotti Takes Over From Hamers!
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Sergio Ermotti is returning to the major Swiss bank UBS as Group CEO. The board of directors made this decision in light of the new challenges and priorities UBS must face following the acquisition of Credit Suisse, which UBS announced today.
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Immediate Development Pause Demanded: Elon Musk And Over 1000 Tech Giants Warn Against AI In An Open Letter!
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The development of artificial intelligence is progressing more visibly than ever – thanks to ChatGPT. Industry insiders speak of “significant risks.” In an open letter, they call for a six-month pause to establish rules and limits.