Wirecard fights for survival as it admits scale of fraud
Once again failed by auditors and rating agencies (investment grade until last week). Wirecard fights for survival as it admits scale of fraud – https://on.ft.com/311vflw via @FT
Private Equity Lands Billion-Dollar Backdoor Hospital Bailout
Ridiculous how PE pumps debt into a company and only uses dry powder for new companies rather than supporting the companies they layered in debt. Private Equity Lands Billion-Dollar Backdoor Hospital Bailout [“https://www.bloomberg.com/news/features/2020-06-02/private-equity-lands-billion-dollar-backdoor-hospital-bailout”]
Terry Smith blasts platforms for fuelling illusion of fund liquidity
Terry Smith blasts platforms for fuelling illusion of fund liquidity – https://giftarticle.ft.com/giftarticle/actions/redeem/c957d29a-00a1-401c-b992-b5b68e4f7ae1 via @FT
The 1MDB scandal: what does it mean for Goldman Sachs?
The 1MDB scandal: what does it mean for Goldman Sachs? – 1MDB scandal: what does it mean for Goldman Sachs? I’m reading the book Billion Dollar Whale about 1MDB and if it’s to be believed culpability goes to the highest levels at Goldman – Cohn and Blankfein. It was at a minimum willful blindness. I …
Vanguard and the US financial system: too big to be healthy?
https://amp-ft-com.cdn.ampproject.org/c/s/amp.ft.com/content/9414052a-3142-11ea-9703-eea0cae3f0de
Time for the Big Four to rethink auditing’s purpose
Time for the Big Four to rethink auditing’s purpose – https://on.ft.com/2N7MVEm via @FT
JPMorgan to ban fintech apps from using customer passwords
JPMorgan to ban fintech apps from using customer passwords – https://on.ft.com/37uHHdl via @FT
The rise of ‘quantamental’ investing: where man and machine meet
https://amp.ft.com/content/f1276122-ec19-11e8-8180-9cf212677a57
Sweeping overhaul to audit proposed by government review
Sweeping overhaul to audit proposed by government review – https://on.ft.com/36IhFD4 via @FT
Goldman plans to bring wealth management to the masses
https://amp-ft-com.cdn.ampproject.org/c/s/amp.ft.com/content/56eb2fa8-1931-11ea-97df-cc63de1d73f4