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The Financial Times’ lead story concerns scandal-hit German payments firm Wirecard, which filed for insolvency this week. The FT reports that auditors EY “failed for more than three years to request crucial account information from a Singapore bank” where it “claimed it had up to €1bn in cash”. The paper says the “routine audit procedure” could have “uncovered the vast fraud”. EY declined to comment, the paper says.

Financial Times Front Page 11th of December 2024

Investors are showing increased interest in high-yield financial products due to the resurgence in complex debt markets, which are experiencing their most rapid growth since the financial crisis, driven by innovative asset-backed deals like those involving chicken wings and songs.

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