Credit Suisse fined over drugs gang money laundering
Credit Suisse, Switzerland’s second-biggest bank, which has been rocked by a series of scandals, was slapped with a $2-million-fine Monday in a money laundering case
Major US banks can weather severe economic downturn: Fed
The largest banks operating in the US market have sufficient resources to withstand a severe economic downturn and continue providing financing to American families and
Bankers acquitted in Italy over derivatives scandal
An Italian appeals court on Friday acquitted 13 former top officials from Banca Monte dei Paschi di Siena (BMPS), Deutsche Bank and Nomura over a
Credit Suisse shareholders rebuke management
Angered by a string of scandals and crises that have tarnished the reputation of Swiss banking giant Credit Suisse, shareholders dealt directors and executives a
Don’t be fooled: BDO warns of new modus operandi
BDO Unibank has warned of a new scam targeting customers which put their personal information and money at risk. According to the Sy-led bank, scammers
US blacklists Russia’s Transkapitalbank, oligarch network
The US Treasury announced fresh punitive measures Wednesday against Russia’s Transkapitalbank as well as a sprawling network around oligarch Konstantin Malofeyev which was allegedly used
US jury convicts ex-Goldman banker in 1MDB scandal
A New York jury on Friday convicted a former Goldman Sachs banker for his role in propagating a massive bribery and money laundering scheme involving
US slaps sanctions on Putin’s daughters, Russia’s biggest banks
The White House announced sanctions Wednesday targeting Russia’s top public and private banks and two daughters of Vladimir Putin, adding pressure on the country’s economy
Banks break pledges with fossil fuel billions: report
Big banks continue to pour hundreds of billions of dollars into fossil fuel extraction, contradicting their pledges to cut the carbon emissions driving deadly climate
Deutsche Bank pulls out of Russia
Germany’s biggest lender Deutsche Bank said Friday it was following other international companies in shutting down its operations in Russia in protest of Moscow’s invasion
