Tag Archive for Big Four audit firms

Bonds Issued by Acquirer of Mattress Firm & Sherwood Bedding Collapse after ECB Buys Them as Part of QE

by Wolf Richter • Dec 6, 2017 • 46 Comments

Steinhoff’s “accounting irregularities” crush its stock.

Hit by Run on Deposits, Banco Popular Denies it’s Looking for Rushed Takeover to Avert Collapse

by Don Quijones • May 12, 2017 • 26 Comments

Spain’s 6th largest bank: “We have liquidity until the end of the year.”

Spain’s Most Italian Bank Still “Solvent,” Claims Finance Minister

by Don Quijones • Apr 4, 2017 • 17 Comments

It just doesn’t let up with this bank.

The Unthinkable Just Happened in Spain

by Don Quijones • Feb 18, 2017 • 17 Comments

Six central bankers and a financial regulator get dragged to court.

Stealth Bailout of 2 Franken-Banks Now Happening in Spain

by Don Quijones • Oct 1, 2016 • 42 Comments

It just doesn’t let up.

Did Moody’s Just Sever Energy Giant’s Last Life Line?

by Don Quijones • Aug 25, 2016 • 9 Comments

Out-of-money, felled by debt and shady accounting, Abengoa faces reality.

It’s Getting Uglier in Spain

by Don Quijones • Aug 8, 2016 • 36 Comments

With attention riveted on the disintegration and “rescue” of Italy’s banks, other crises go unnoticed, including the gathering problems in government-less Spain.

Despite Shady Accounting, Construction Giant Suffers Rout

by Don Quijones • Aug 2, 2016 • 5 Comments

Investors smell a bigger rat, beneath the bad numbers.

Is the ECB out of Control?

by Don Quijones • Jul 24, 2016 • 28 Comments

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?

Creditors Stumble into New Black Hole at Energy Giant Abengoa

by Don Quijones • May 10, 2016 • 32 Comments

Accounting tricks come home to roost.

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