Acts that are designed to mask the true financial performance or position of a company. Financial shenanigans can range from relatively minor infractions involving creative interpretation of accounting rules to outright fraud over many years. In almost every instance, the revelation that a company’s stellar financial performance has been due to financial shenanigans rather than management prowess will have a calamitous effect on its stock price and future prospects. Depending on the scale and scope of the shenanigans, the repercussions can range from a steep sell-off in the stock to the company’s bankruptcy and dissolution.
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Fill Your Wallets This Christmas
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Flashback Friday: Reassessing Your Retirement Preparedness
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|08:00||Wholesale Price Index||Sep|
|14:10||BOE Deputy Governor for Financial Stability Jon Cunliffe Speaks|
|02:30||Monetary Policy Meeting Minutes|
|02:30||BOJ Governor Haruhiko Kuroda Speaks|