News

Barclays disclosed in an earnings statement cited by the Financial Times that Britain's Financial Conduct Authority is investigating additional suspected breaches of anti-money laundering requirements at the financial institution. More The White House is weighing plans to consolidate federal banking supervision by rolling the Federal Deposit Insurance Corp. into the Treasury Department or merging the agency with the Office of the Comptroller of the Currency, The Wall Street Journal reported. More Despite their legal obligation to offer basic accounts to lawful residents, banks in the EU generally refuse to onboard clients of Russian origin because of the comparatively higher compliance-related...