Cameron Prell Joins XCHG to Drive Collaborative Standards for Digitization and Decarbonization

A Trader Goes Short on Wirecard, Then Files a Criminal Complaint

(Bloomberg) -- A trader changed his position on Wirecard AG from long to short. Then he asked prosecutors and regulators to investigate the German fintech company.The former investment bank employee, who can only be identified as Armin S., filed a criminal complaint with police and market regulator Bafin seeking an investigation into whether Wirecard violated EU market manipulation rules.The request came just after an independent audit into Wirecard by KPMG criticized the payment processor for internal “shortcomings” and unwillingness by its third-party partners to contribute to the report.Wirecard hired KPMG in October to look into its third-party partner business and its operations in India and Singapore following articles by the Financial Times that accused the company of accounting fraud in several countries. The German fintech had drip-fed parts of the report to the market, including a statement earlier this month that the accounting firm had not made any substantial findings of...

American Airlines posts $2.2 billion loss on pandemic, first since bankruptcy exit

"Never before has our airline, or our industry, faced such a significant challenge," Chief Executive Doug Parker said in a statement. Excluding items, the net loss was $1.1 billion, or $2.65 per share, below analyst estimates of a $2.33 per share loss, according to IBES data from Refinitiv. The pandemic ended one of the longest expansion in U.S. history, with the nation's economy contracting at its sharpest pace since the Great Recession in the first quarter....