HSBC is seeking to release billions of dollars of capital tied up in the United States without upsetting the country's politicians and regulators, senior sources at the bank said.
Standard Chartered expects it will remain under U.S. supervision for several more years over lapses in Iran-related anti-money laundering efforts because it needs more time to improve its internal standards, sources with knowledge of the matter said.
Wall Street executives are freaking out under the strain of widespread money fraud.
The U.S. government asked a federal appeals court on Thursday to block the release of a report detailing how HSBC is working to improve its money laundering controls after the bank was fined $1.92bn.
The mastermind of an $8bn money-laundering operation that prosecutors billed as the biggest ever got hung out to dry.
U.K. regulators faulted Deutsche Bank in a March letter for “serious” lapses in efforts to thwart money laundering, capping a review that already prompted the firm to make changes, according to a person with knowledge of the matter.
Matt Mallgrave joined Credit Suisse as its new head of US flow trading, according to an internal memo.
Some warnings were ignored. Others were dismissed.
Lawyers for a Georgian billionaire accused Credit Suisse of money laundering as they step up their fight with the bank over its handling of a former wealth manager who allegedly made unauthorized transactions to cover up trading losses.
HSBC has lost its latest bid to keep some portions of a potentially explosive report about its anti-money-laundering efforts from being made public.
Tottenham Hotspur moved into the Premier League's top-four on Saturday, and they will now turn their attention to their Champions League clash against Bayern Munich on Tuesday night.
Aston Villa dropped more points from a winning positing during their 2-2 draw with Burnley on Saturday.
Tyler Roberts is Leeds United's forgotten striker.
Derby County and Stoke City are just two of the clubs reportedly keen on the freed Aston Villa midfielder.
The Spanish goalkeeper didn't cover himself in glory for Leeds United on Saturday.
Tottenham Hotspur's Mauricio Pochettino has had a tricky last couple of weeks.
Ross is said to be under fire at Sunderland, but has admirers at Hibernian.
Newcastle United lost 5-0 to Leicester City this afternoon.
Clarke is back on loan at Leeds United from Tottenham Hotspur.
Manchester City are five points behind Liverpool in the Premier League table after they picked up three points at Everton yesterday evening.
French bank watchdog ACPR said it had fined BNP Paribas 10 million euros (8.75 million pounds) for inadequate anti-money laundering controls.
Deutsche Bank has agreed to pay $41 million to settle Federal Reserve allegations that its U.S. operations failed to maintain adequate protections against money laundering.
The City minister has stressed money laundering is too big and too global a problem to be tackled by the UK on its own.