Steinhoff’s “accounting irregularities” crush its stock.
Spain’s 6th largest bank: “We have liquidity until the end of the year.”
It just doesn’t let up with this bank.
Six central bankers and a financial regulator get dragged to court.
It just doesn’t let up.
Out-of-money, felled by debt and shady accounting, Abengoa faces reality.
With attention riveted on the disintegration and “rescue” of Italy’s banks, other crises go unnoticed, including the gathering problems in government-less Spain.
Investors smell a bigger rat, beneath the bad numbers.
It all began when Slovenian Police, acting on an insider tip, raided the headquarters of the central bank and a state-owned bank. €257 million in bank bailout money is alleged to have disappeared. How much money could be made to disappear in Italy’s bank bailout?
Accounting tricks come home to roost.