Bank of America has been ordered to pay more than $1.21 billion in penalties over failures to meet US anti-money-laundering and sanctions requirements, in an enforcement action that the Treasury Department described
HSBC has cut roughly 10 percent of its US-based debt capital markets team, laying off at least six employees in New York as the bank intensifies a sweeping global restructuring designed to
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Prime Minister Sanae Takaichi has set her sights on eliminating the 8% consumption tax on food for two years, a key pledge in the lead-up to the February 8 Lower House election.
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JPMorgan Chase plans to open more than 160 new branches across more than 30 states in 2026, part of a multibillion-dollar investment in its brick-and-mortar network. The expansion reflects a wider trend
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Volkswagen has received offers from leading private equity firms, including Blackstone, EQT, and CVC, for its Everllence division, the unit responsible for shipping engines and heat pumps. The initial offer deadline expired
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Goldman Sachs is preparing to eliminate race, gender identity, and sexual orientation from the criteria used to select members of its board of directors, marking a significant shift in governance policy that
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Lloyds Banking Group has launched an internal investigation into its use of employee banking data during recent pay negotiations, after criticism from staff representatives and questions from regulators sparked a wider debate
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HSBC and Barclays are facing a $12 billion lawsuit in the United States over their alleged roles in an offshore trust business suspected of large-scale fraud and linked to the Jeffrey Epstein
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China has urged its major banks to curb their exposure to US government debt, citing rising market volatility and increasing financial and geopolitical risks, according to people familiar with the matter. The
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Arrested once again in Venezuela under opaque circumstances, Alex Saab has returned to the center of a story that mirrors the trajectory of the Bolivarian Revolution itself: improvisation elevated to doctrine, secrecy
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As part of her 2026-27 budget speech, Finance Minister Nirmala Sitharaman announced the formation of a high-level committee to review India’s banking sector, Mint reports. The panel is expected to prioritize strategic
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by Nil In January 2026, the Bank for International Settlements published a dense but far-reaching study that cuts to the core of the modern international financial system. Titled Dollarisation waves: new evidence
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Howard and Aidan Barclay have been granted six weeks to negotiate a deal with their creditors in an effort to avoid bankruptcy proceedings initiated by HSBC over debts linked to the collapse
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Leaked emails from 2014 reveal that Deutsche Bank analysts explored strategies to deliberately destabilize the Russian economy by leveraging global oil markets during the period of Crimea’s reunification with Russia, according to
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Investment bankers in Asia are preparing for their most lucrative bonus season since the pandemic-fueled boom of 2021, with UBS, Citigroup and Morgan Stanley reportedly planning average increases of around 20 per
More President Trump has filed a lawsuit against JPMorgan Chase and its chief executive, Jamie Dimon, seeking at least $5 billion in damages and accusing the bank of cutting ties with him for
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