German Parliament to Investigate Wirecard Scandal
The probe into the government's failure to uncover the accounting fraud at the German payments group is a setback for Chancellor Angela Merkel's administration ahead of next year's general election.
Wells Fargo Will Close Most of Its Corporate-History Museums
The bank will shut down 11 of its 12 museums about its corporate history, keeping the museum in its headquarters city of San Francisco.
Insurance Firms Gain Early Lead in Coronavirus Legal Fight With Businesses
Judicial rulings so far have backed up some U.S. property insurers' rejections of claims for businesses' lost income during government-ordered shutdowns.
Fed Official Says Economy Faces High Uncertainty, Prominent Risks
Lael Brainard, a top Federal Reserve official, said the economy faces substantial risks, including the premature withdrawal of government spending, and would require continued stimulus from the central bank.
Old Mutual Scraps Dividend
Old Mutual suspended its dividend after reporting a first half net loss of ZAR5.62 billion, but said its liquidity levels remain positive and solvency ratio is within its targeted range.
Auditors Struggle to Access Data, Count Inventory During Remote Work
Verifying companies' financial statements remotely is putting further strain on external auditors already under pressure for failing to conduct basic checks and spot accounting issues.
Down Rounds Rise as Startups Face Tougher Fundraising Climate
There was a second-quarter jump in the number of startups raising down rounds-funding rounds where the share price has dropped compared with the prior round-according to investing platform AngelList.
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services
Top Fed Official Says New Framework Provides More Humble Approach to Setting Rates
Federal Reserve Vice Chairman Richard Clarida said the central bank needed to be more skeptical of models that predict higher inflation when setting interest-rate policy, given the weak response of inflation to lower levels of unemployment over the past decade.
Warren Buffett Still Has an Eye for a Bargain
Five venerable Japanese companies were sitting in the bargain bin in plain sight. It took a 90-year-old Warren Buffett to scoop them up.
