Photo Story: Preview of Bank of England’s new 50 GBP note

An undated handout photo made available by the British Bank of England on 15 July 2019 showing the new concept image design of the Bank … Read more

Fresh crackdown in the UK in fight against dirty money

The British government is giving new impetus to the fight against money laundering. Through the Economic Crime Plan the British Government intends to draw together Read more

BOE believes British banks can cope with no-deal Brexit

British banks hold enough capital to cope with a simultaneous disorderly no-deal Brexit and global trade war, the Bank of England said on Thursday as … Read more

EU’s 2018 bank stress test considered too mild

 

Last year’s European Union bank stress test did not appropriately reflect systemic risks, EU auditors said on Wednesday, a shortfall that may have produced … Read more

Deutsche Bank axes whole teams in Asia-Pacific

Whole teams in Deutsche Bank’s Asian operations were told their positions were gone on Monday, as the lender began axing 18,000 jobs globally in one … Read more

Turkish central bank chief fired

Turkish President Recep Tayyip Erdogan has fired the governor of the central bank and replaced him with his deputy.

No official reason was given for … Read more

Deutsche Bank braced large layoffs

 

The Financial Times reports that Deutsche Bank staff are bracing themselves for one of the most severe job culls in banking since Lehman Brothers … Read more

Australian bank bans credit card use for gambling

An Australian financial institution, Macquarie, has announced that it will no longer allow its bank-issued credit cards to be used for making gambling or lottery … Read more

Danske Bank fires head of Danish banking activities

 

Danske Bank said on Monday announced it had dismissed the head of its Danish banking activities, Jesper Nielsen

Nielsen was also the bank’s former … Read more

EU reviewing past money-laundering cases at banks in the EU

The European Commission is reviewing past money-laundering cases at EU banks to assess what went wrong and decide possible tweaks to rules.

Under the plan, … Read more

Danske Bank selling Estonian private loans unit

Danske Bank, which has been embroiled in a major money laundering scandal, has agreed to sell its portfolio of Estonian private loans to LHV Pank … Read more

Facebook plans to launch its own cryptocurrency

Facebook is planning to launch its own cryptocurrency, dubbed GlobalCoin, in early 2020, allowing users to make digital payments in a dozen countries.

GlobalCoin would … Read more

EU drops Aruba, Barbados and Bermuda from tax-haven blacklist

European Finance Ministers meeting in Brussels  dropped Aruba, Barbados and Bermuda from its tax-haven blacklist.

The list, now down to 12 countries and territories, was … Read more

Five banks fined over a billion euros by EU

 

EU antitrust regulators on Thursday fined Barclays, Citigroup, JPMorgan, Mitsubishi UFJ Financial Group and Royal Bank of Scotland a total of 1.07 billion euros … Read more

EU antitrust fines in the pipeline for seven banks

Reuters reports that Barclays, Citigroup, HSBC, JPMorgan, Royal Bank of Scotland, UBS and a small Japanese bank and three other banks are set to be … Read more

EBA ends probe of Estonian, Danish regulators over Danske Bank

The European Banking Authority (EBA), the EU banking watchdog, terminated an investigation of financial regulators in Estonia and Denmark in relation to suspected money laundering … Read more

UniCredit risks EU antitrust fine

UniCredit is one of eight European banks that risk being fined by the European Commission for allegedly breaching EU competition rules, the Italian lender has … Read more

HSBC appoints new CEO for Middle East, North Africa and Turkey

HSBC has appointed Martin Tricaud as new regional chief executive officer for the Middle East, North Africa and Turkey (MENAT) region, with effect from June, … Read more

ECB looking into Swedbank’s Estonian operations

The European Central Bank (ECB) is looking into Swedbank’s Estonian operations, Swedish daily Dagens Nyheter reported on Wednesday, citing an undisclosed source.

Sweden is not … Read more

Swedbank Chairman resigns over money laundering scandal

Lars Idermark, resigned as Swedbank Chairman, just a week after the bank’s chief executive was ousted over her handling of a money laundering scandal. In … Read more

No probe into Swedbank over Browder complaint

 

The Swedish Economic Crime Authority said on Monday it had decided against opening a probe into Swedbank in relation to a criminal complaint over … Read more