Financial Services

Wise says it has settled a money laundering probe opened by Belgian prosecutors last year. The Brussels Public Prosecutor's Office was investigating Wise Europe, its Belgian subsidiary, following the global fintech company...(read more)

EU leaders are set to discuss who will replace European Central Bank President Christine Lagarde and two other vacancies on the ECB's Executive Board at their Nov. 26 summit in Brussels, suggesting that the appointments co...(read more)

The White House nominated a total of four members to the US Securities and Exchange Commission and US Commodity Futures Trading Commission, with the clock ticking on when the Democrats take control of Congress. The most no...(read more)

The European Parliament on Thursday rejected a deal with EU governments on a legislative proposal to boost retail investment in the bloc. The rejection leaves the future of the legislation uncertain, with opposition from l...(read more)

Indonesia's financial regulators are strengthening cybersecurity defenses amid heightened cyber threats to banks and other financial institutions. The Financial Services Authority and Bank Indonesia have activated cyber in...(read more)

Companies offering AI shopping agents would have to let consumers set purchasing limits and choose which transactions require approval under the European Commission’s proposed Digital Fairness Act. The proposal seeks to pr...(read more)

Europe’s computer games industry has called for an urgent reassessment of the Digital Fairness Act, proposed on Wednesday, warning that it could undermine competitiveness, create legal uncertainty and reduce players’ choic...(read more)

Digital businesses including social media operators, booking platforms and online retailers could come under direct investigation by the European Commission and face fines of up to 6 percent of worldwide annual turnover fo...(read more)