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After struggling to maintain business levels at its brand names Karstadt and KaDeWe, Arcandor sought help from the German government, and then filed for insolvency. Hypo Real Estate: Germany: 5 October 2009: Banking: Depfa, one of the companies subsidiaries ran into liquidity problems in 2008 as a result of the financial crisis.
Logo of Enron. The Enron scandal was an accounting scandal involving Enron Corporation, an American energy company based in Houston, Texas.When news of widespread fraud within the company became public in October 2001, the company filed for bankruptcy and its accounting firm, Arthur Andersen—then one of the five largest audit and accountancy partnerships in the world—was effectively dissolved.
Accounting scandals are business scandals which arise from intentional manipulation of financial statements with the disclosure of financial misdeeds by trusted executives of corporations or governments. Such misdeeds typically involve complex methods for misusing or misdirecting funds, overstating revenues, understating expenses, overstating ...
Despite Pfizer's issues, the company can maintain its dividend program. To be fair, Pfizer's financial results are relatively poor compared to what it delivered in 2021 and 2022 -- two years ...
Poor financial planning: Lack of budgeting or inadequate financial management. Reduced income : A decrease in income, such as from loss of employment, reduced business profits or other factors.
Practice money mindfulness. Money mindfulness is a practice of bringing awareness to financial decisions. Overspending and many forms of financial anxiety are a result of making unconscious money ...
The 2007–2008 financial crisis, or the global financial crisis (GFC), was the most severe worldwide economic crisis since the Great Depression. Predatory lending in the form of subprime mortgages targeting low-income homebuyers, [ 1 ] excessive risk-taking by global financial institutions, [ 2 ] a continuous buildup of toxic assets within ...
A few signs your anxiety around money is becoming a more serious concern: Aches and pains. Perhaps you get a headache or upset stomach when you look at your bank account. Avoidance. Your bills ...