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LONDON: The Wirecard AG scandal could spark a revamp of how the European Union carries out financial supervision, top official Valdis Dombrovskis told the Financial Times.
ZURICH: Credit Suisse Group AG is set to announce a sweeping overhaul of its business as Chief Executive Officer Thomas Gottstein seeks to tighten controls and boost the performance of the investment bank.
FRANKFURT, July 22 (Xinhua) -- The Munich public prosecutor said on Wednesday that three former executives of German payment company Wirecard have been arrested as investigations into the company's commercial fraud case made progress.