14th April 2019
British finance minister Philip Hammond has fired the starting gun for the race to succeed Bank of England Governor Mark Carney, but concerns about Brexit may keep some potential contestants on the sidelines. Britain is unusual in throwing open the invitation to run its central bank to candidates from around… Read More
13th April 2019
AP — A special counsel’s office in Switzerland says it has closed an investigation into a regional prosecutor’s links with FIFA president Gianni Infantino. After reports in the “Football Leaks” series last November, a criminal proceeding for possible passive corruption was opened against Rinaldo Arnold, a childhood friend of Infantino. Read More
11th April 2019
AP — As if Brexit hadn’t spooked Britain and the European Union enough over the past three years, the two sides agreed early Thursday to extend the deadline to Halloween. The new, Oct. 31 cutoff date averts a precipitous and potentially calamitous Brexit that had been scheduled for Friday. “Please,… Read More
3rd April 2019
Members of the European Parliament are voicing concerns about the rule of law in Malta and Slovakia following the murder of two journalists investigating corruption and organized crime in the countries. The parliamentarians on Thursday formally adopted the conclusions reached last summer by a working group established within the Civil… Read More
3rd April 2019
A no-deal Brexit would cause disruption and might also have an impact on liquidity in financial markets, the European Union commissioner in charge of financial services said on Tuesday in a stark reminder of the risks posed by a hard Brexit. The EU has put in place a series of… Read More
1st April 2019
Britain’s financial regulators have given European Union banks, insurers and asset managers more time to decide whether to continue serving British customers if there is a no-deal Brexit. Britain introduced a “temporary permissions regime” or TPR for EU financial firms to notify UK regulators if they want to continue serving… Read More
28th March 2019
AP — Swedish authorities were raiding the headquarters of one of Sweden’s largest banks on Wednesday as part of an investigation into whether Swedbank was connected to a massive money laundering scandal in the Baltic countries. Sweden’s Economic Crime Authority said chief prosecutor Thomas Langrot is probing whether 15… Read More
27th March 2019
Euro zone banks face no imminent risks from a no-deal Brexit, the head of the European Union agency responsible for handling failing lenders said on Tuesday. The reassuring message came as Britain grapples with its worst political crisis in decades ahead of an April 12 deadline to secure a deal… Read More
22nd March 2019
AP — The FIFA ethics committee has given a life ban to a South American soccer official who took bribes linked to the Copa America and Copa Libertadores. FIFA says Luis Chiriboga, a former Ecuador soccer federation president, has also been fined 1 million Swiss francs ($1 million). It is… Read More
21st March 2019
Seven big banks are moving around 1.2 trillion euros (1.03 trillion pounds) of assets from Britain to the euro zone as part of their preparations for Brexit, European Central Bank supervisor Ignazio Angeloni told Bloomberg. “We expect seven significant institutions to come under ECB supervision at the outset, of which… Read More