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Former private equity executives sentenced to prison in US fraud case May 10, 2025 | Samuel Rubenfeld

Two private equity executives were sentenced to prison today after they were convicted of defrauding investors by misrepresenting the performance of investment funds and the source of distribution payments. Wh... (more story)

Financial sector consulted for feedback on EU capital markets oversight May 09, 2025 | Fanny Roux

The European Commission has opened a consultation on various regulations needed to foster EU market integration and efficient supervision. The feedback is intended to help the bloc’s executive arm shape a seri... (more story)

UBS faces appeal at top Swiss court over Credit Suisse drug-money case May 09, 2025 | Martin Coyle

Swiss banking giant UBS faces an appeal over a legacy accusation that rival Credit Suisse, which it took over two years ago, failed to prevent an employee from laundering the proceeds of Bulgarian drug money t... (more story)

UK celebrity art dealer pleads guilty to terror financing charges May 09, 2025 | Martin Coyle

A celebrity art dealer has become the first person in the UK to be charged and plead guilty to charges of failing to make disclosures under the country’s terror financing laws. Oghenochuko Ojiri, 53, will be s... (more story)

Mediobanca counts on its Banca Generali bid to fend off MPS’s hostile takeover May 09, 2025 | Jean Comte

Italian bank Mediobanca said today that its bid for Banca Generali will make it a less interesting target for Monte dei Paschi di Siena's hostile bid, as it would reinforce the lack of synergies between MPS an... (more story)

‘Wall-crossed’ brothers plead guilty to insider trading at UK court May 09, 2025 | Martin Coyle

The brothers Matthew and Nikolas West today pleaded guilty to making thousands of pounds’ worth of profits from insider dealing in the shares of five companies. The pair will be sentenced in July and could fac... (more story)

US SEC mulling exemptions for use of distributed ledger technology to issue securities May 08, 2025 | Neil Roland

The US Securities and Exchange Commission is considering an exemptive order to let firms using a blockchain or other distributed ledger technology issue, trade and settle securities, said Commissioner Hester P... (more story)

UK sanctions enforcer warns high-risk companies to heed information requests May 08, 2025 | Phoebe Seers and Martin Coyle

The UK’s sanctions enforcer warned today that it takes a “dim view” of companies that delay or fail to respond to information requests it sends, as it revealed a penalty on a business in the oil shipping secto... (more story)

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US SEC’s eased $50 million pact with crypto firm Ripple Labs another Trump retreat May 09, 2025 | Neil Roland

The US Securities and Exchange Commission's $50 million settlement with Ripple Labs — down from a $125 million court order — is the latest Trump administration retreat on cryptocurrency enforcement, potentiall... (more story)

UK sanctions watchdog talks tough on enforcement but lacks bite May 08, 2025 | Phoebe Seers and Martin Coyle

The UK’s sanctions enforcer took to its blog today to get across the message of how seriously it takes non-compliance with information requests. A recent penalty that OFSI imposed on Svarog Shipping & Trading ... (more story)

Huione Group is a ‘significant node’ of the money laundering ecosystem, US says May 02, 2025 | Samuel Rubenfeld

When Huione Group was contacted last year by an Australian media outlet about allegations that it was being used to launder money for the online scam industry, the Cambodian financial conglomerate acknowledged... (more story)

US Fed governor’s testimony spurs scholars’ concerns about Fed’s independence May 02, 2025 | Neil Roland

The Senate testimony of Michelle Bowman, President Donald Trump’s nominee for the US Federal Reserve’s top banking regulator, is generating concerns among legal scholars for its potential threats to the Fed’s ... (more story)

EU banks’ dealmaking plans dented as ECB reveals ‘Danish compromise’ pushback May 02, 2025 | Jean Comte

EU banks looking to consolidate would be advised to note a European Central Bank letter published this week, in which the ECB pushed against Banco BPM's use of a loophole to cut the costs involved in acquiring... (more story)

If UK banks don't meet climate-risk expectations, could binding rules follow? April 30, 2025 | Sofia Gerace

UK banks and insurers received updated climate-risk guidance from the Bank of England's supervisory arm today, just as the UK government itself was being dressed down for being unprepared to face climate chang... (more story)

Relief for UK crypto industry as legislation lands and US collaboration promised April 30, 2025 | Phoebe Seers

The UK cryptoasset industry breathed a collective sigh of relief yesterday afternoon with sight of long-promised legislation laying the path toward a regulated sector. It broadly met industry expectations and ... (more story)

Mediobanca bid for Banca Generali adds twist to Italian banking consolidation April 29, 2025 | Jean Comte

Mediobanca yesterday revealed a bid for rival Banca Generali, adding complexity to dealmaking in the Italian baking sector, in which Mediobanca is itself a target of Banca Monte dei Paschi di Siena, or MPS. It... (more story)