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Italy's UniCredit to pay $1.3 billion to settle U.S. sanctions probe

Italy’s top bank UniCredit SpA and two subsidiaries have agreed to pay $1.3 billion to U.S. authorities to settle probes of violations of U.S. sanctions on Iran and other countries, U.S. authorities said on Monday.

Standard Chartered fined $1.1 billion for violating sanctions and anti-money laundering laws

The British bank Standard Chartered has agreed to pay $1.1 billion to settle allegations by the authorities in the United States and the United Kingdom that it violated anti-money laundering laws and economic sanctions.

Two ‘suspicious packages sent to Bank of England,’ several London streets closed by police

Three streets in central London have been cordoned off by police, due to two suspicious packages sent to the Bank of England.

Swedbank’s chairman quits amid money-laundering scandal

A money-laundering scandal that has upended the world of Scandinavian finance ensnared another executive on Friday, when the chairman of Swedbank, one of Sweden’s largest lenders, resigned amid investigations into the activities of its subsidiaries in the Baltics.

FCA fines Goldman Sachs International £34.3 million for transaction reporting failures

Goldman Sachs International (GSI) has been fined £34,344,700 by the Financial Conduct Authority (FCA) for failing to provide accurate and timely reporting relating to 220.2 million transaction reports between November 2007 and March 2017.

Swedbank CEO fired after laundering allegations spiraled

Swedbank AB’s chief executive officer, Birgitte Bonnesen, was dismissed by the board amid allegations the bank was used to launder billions of dollars in Russian money on her watch.

Ex-UBS broker first to be sentenced in fraudulent Puerto Rico bond sales scheme

A former top broker in Puerto Rico for the Swiss banking giant UBS was sentenced to a year and a day in prison Tuesday, months after he pleaded guilty to criminal bank fraud for pocketing $1 million in commissions in a scheme that saw many investors lose their life savings.

Swedbank report spotted anti-money-laundering breaches

An internal Swedbank report identified major breaches of anti-money laundering obligations involving its business in Estonia, Swedish public broadcaster SVT said on Tuesday after having seen a copy of the document.

Japan market watchdog seeks $1.2 million fine against Citi, alleges JGB manipulation

Japan’s SESC market watchdog said on Tuesday it had recommended a $1.2 million fine against the British unit of Citigroup Inc for alleged manipulation of Japanese government bond (JGB) futures prices.

Citigroup sued for age discrimination by 56-year-old banker

Citigroup Inc. was sued for age discrimination by a 56-year-old London banker who had worked at the bank for almost three decades before he was let go in 2017.

Bank error means 3,400 homeowners face higher repayments

Thousands of Bank of Ireland mortgage customers face having to make higher payments after the lender messed up their loan calculations.

Merrill Lynch to pay over $8 million for improper handling of ADRs

The Securities and Exchange Commission today announced that Merrill Lynch, Pierce, Fenner & Smith Incorporated will pay over $8 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs).

 
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