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Financial Services
Editor's Picks
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US anti-money laundering shift under Trump more style than substance, Fitch says
Changes in US anti-money laundering regulation and enforcement during President Donald Trump’s second term have thus far been a modest shift in emphasis and tools r... (more story)
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Halkbank deal an 'important component’ of Israel-Gaza ceasefire talks, US says
Reaching a deal with Turkish state-owned Halkbank over alleged money laundering and sanctions violations was a key part of talks to resolve Israel’s conflict in Gaz... (more story)
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Businessman fights translations of messages shown to jury at US bribery trial
As a Texas-based Mexican businessman fights to overturn his corruption conviction, a battle has broken out over whether translations of text messages and emails sho... (more story)
Insight View More
The US Securities and Exchange Commission should examine how China might be exploiting murky corporate structures called variable interest entities, which may be used by hundreds of Chinese companies listed on... (more story)
The former chief executive of Nodus International Bank pleaded guilty in US court to leading a scheme to fraudulently obtain nearly $25 million from the Puerto Rican lender and to violate sanctions on Venezuel... (more story)
The European Commission will present its highly anticipated report on EU banking competitiveness this summer, President Ursula von der Leyen said early Friday. The financial sector widely expected the report t... (more story)
South Korea’s National Assembly on Friday approved legislation to create a new Public Prosecution Office, marking a decisive step in the Lee Jae Myung administration’s plan to dismantle the existing prosecutio... (more story)
The US Commodity Futures Trading Commission and Major League Baseball said they signed an information-sharing memorandum of understanding related to growing prediction markets, aimed at protecting the integrit... (more story)
After heated years-long debate, US banking agencies proposed an industry-friendly 4.8 percent net decrease in capital requirements for the largest banks under the 2017 Basel III standards, the Global Systemica... (more story)
Marc van der Woude, the president of the EU’s lower-tier General Court, is set to leave the judiciary this autumn, MLex has learned. His resignation will take effect on Sept. 15 and is for personal reasons, a ... (more story)
Lawmakers in the UK’s upper chamber have voted to prevent the government from holding a reserve power to force certain pension schemes to invest a minimum percentage of assets in specific areas. A total of 217... (more story)
Comment View More
EU leaders have agreed to aim to get centralized capital markets supervision and other key competitiveness-focused financial reforms passed this year, setting strict deadlines to apply political pressure on re... (more story)
EU heads of state and government will this week make a push to incentivize the scale-up of European companies, with one eye on strategic areas such as finance. But the same leaders who are ready to endorse thi... (more story)
Central supervision of financial markets appears more efficient than supervisory convergence among the 27 EU countries when it comes to significant cross-border players, the European Securities and Markets Aut... (more story)
The UK's Financial Ombudsman Service should have a chair appointed by government rather than the financial markets watchdog, the finance ministry has said in a proposal that has sparked impartiality concerns. ... (more story)
A host of familiar financial-sector topics will be up for discussion as officials meet at the EU-UK Financial Regulatory Forum on Wednesday. The UK industry is pushing for earlier dialogue to improve predictab... (more story)
Growing political pressure for EU capital markets reform has put the issue at the top of EU leaders' agendas, but the approach — including setting tight deadlines — is facing criticism from member states oppos... (more story)
Trump administration officials this week unveiled their upcoming approach to the liquidity squeeze that starved three US banks in the Spring of 2023 — and it’s largely the same policy floated by the Biden admi... (more story)
UK car finance lenders have secured an early concession after the financial sector regulator signalled they could have between three and five months to prepare before reaching out to customers that are due com... (more story)