Former Wirecard boss Braun stonewalls German lawmakers’ inquiry

Wirecard’s former boss stonewalled questions from lawmakers on Thursday when he was temporarily released from jail for an inquiry into post-war Germany’s biggest corporate fraud. Markus Braun, wearing his hallmark turtle neck and a blazer, declined to answer more than 50 questions about Wirecard’s demise, other than to say no German officials behaved inappropriately. Braun, […]

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Engineering group ABB’s divestment plan receives cool market reception

Engineering group ABB’s ABBN.S plan to offload three of its most profitable businesses, announced on Thursday, was met with disappointment by analysts who described the strategy as unambitious. ABB said it was “exploring all options” to exit its turbocharging, mechanical power and power conversion divisions, which have combined annual sales of $1.75 billion, or 6% […]

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Nasdaq to buy financial fraud detection firm Verafin for $2.75 billion

Exchange operator Nasdaq Inc NDAQ.O said on Thursday it would buy anti-financial crime software firm Verafin for $2.75 billion in cash, significantly expanding its reach in the regulatory technology market. Verafin, founded in 2003, provides more than 2,000 financial institutions in North America a cloud-based platform to help detect, investigate, and report money laundering and […]

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