Credit Suisse to pay $475m to settle charges in Mozambican scandal

By NS Banking Staff Writer

20 Oct 21

The investment bank has also agreed to write off $200m of debt owed by the Republic of Mozambique,…

Banking ServicesRegulationInvestment Banking

Wells Fargo reaches $37.3m settlement to resolve claims over FX fraud

By NS Banking Staff Writer

28 Sep 21

Wells Fargo admitted that it overcharged its FX customers and agreed to pay restitution, civil penalties, along with…

RegulationBanking ServicesCapital Markets & Trading

Wells Fargo slapped with $250m fine over failure in mitigation programme

By NS Banking Staff Writer

13 Sep 21

The bank had failed to meet the requirements of a 2018 consent order and has violated Section 5…

Regulation

N26 under BaFin scanner for inadequate measures against money laundering

By NS Banking Staff Writer

13 May 21

Special commissioner appointed to ensure that the German neobank addresses the concerns

Regulation

ASIC sues Westpac for insider trading over $9.3bn Ausgrid deal

By NS Banking Staff Writer

06 May 21

The banking group has also been accused of unconscionable conduct and violating its licensee obligations

Regulation

FCA starts criminal proceedings against NatWest

By NS Banking Staff Writer

18 Mar 21

The FCA has brought criminal proceedings against NatWest under regulation 45 of MLR 2007

Regulation

Deutsche Bank to pay $130m fine to settle bribery and fraud charges in US

By NS Banking Staff Writer

11 Jan 21

The bank has agreed to pay the fine and settle charges for violating the Foreign Corrupt Practices Act…

Banking ServicesWealth ManagementRegulation

Trump signs executive order to ban transactions with eight Chinese apps

By NS Banking Staff Writer

07 Jan 21

The apps include Alipay, CamScanner, QQ Wallet, Tencent QQ, and WeChat Pay

Banking ServicesCards and PaymentsRegulation

Sea to receive digital full bank license in Singapore

By NS Banking Staff Writer

07 Dec 20

According to Monetary Authority of Singapore, the digital full bank license to Sea marks the first such license…

Banking ServicesCards and PaymentsRegulation

ION to sell Broadway’s fixed income unit to resolve competition concerns

By NS Banking Staff Writer

11 Nov 20

The competition concerns were raised by the UK watchdog after it launched initial investigation into the merger of…

Banking ServicesRegulationBanking Technology