KPMG reports clean bill of health for Wirecard fraud allegations

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Wirecard says that the independent audit by KPMG into fraud allegations uncovered no need to restate earnings, but added that all the data needed to confirm past revenues could not be obtained.

KPMG reports clean bill of health for Wirecard fraud allegations

Wirecard hired the KPMG in October, which has been looking into the payment processor’s third-party partner business, as well as business activities in India and Singapore.

In a statement on the 28th April, Wirecard said the required data needed to conclusively approve revenues from 2016-2018 is “primarily in the control of third parties.” The company also added that

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JPMorgan, addressing racism allegations, reforms customer complaint system, access

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FILE PHOTO: A sign of JP Morgan Chase Bank is seen in front of their headquarters tower in Manhattan, New York, U.S., November 13, 2017. REUTERS/Amr Alfiky/File Photo

NEW YORK (Reuters) – JPMorgan Chase & Co (JPM.N) told employees on Tuesday it is changing its customer complaint system and how staff choose which customers are eligible for certain banking products after the New York Times reported allegations of racial discrimination against black customers at the bank last year.

The reports prompted the bank to “look at how we do business so that we could gain a deeper understanding

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JPMorgan starts diversity training after discrimination allegations

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Pedestrians walk past an american multinational investment bank and financial services holding company JPMorgan Chase Bank branch.

Alex Tsai | SOPA Images | Getty Images

JPMorgan Chase said it was instituting mandatory diversity and inclusion training for its managers after a December New York Times article detailed racial discrimination at a branch in Arizona.

The bank, which admitted to failures tied to the report in January, said Tuesday in a staff memo it had targeted several areas where it could improve its culture and processes to prevent more incidents from happening. That includes diversity training for all of the bank’s 

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