ZURICH, Oct 16 (Reuters) – Zurich prosecutors this week charged Swiss journalist Lukas Haessig with violating banking secrecy over reporting that set off a high-profile corporate criminal trial of the former boss of Raiffeisen Bank Switzerland, Haessig said on his financial blog Inside Paradeplatz. Jumpstart your morning with the latest legal news delivered straight to … Read more
Elon Musk has suggested that the US government may be behind restrictions on the speed at which some of Ukraine’s weapons can travel and stay connected to SpaceX’s Starlink internet network. Starlink is a vital tool allowing Kyiv to guide drones to Russian targets and also protect its own skies, but on Tuesday night Ukraine … Read more
Saudi officials said Wednesday that an administrative building belonging to oil giant Saudi Aramco was targeted overnight, as the Tehran-backed Houthi militants step up their attacks on the kingdom. The strike caused a fire, but no injuries were reported at the site in the city of Dhahran on the country’s eastern coast, according to a … Read more
Oct 13 (Reuters) – JPMorgan Chase (JPM.N), opens new tab fell short of quarterly profit estimates for the first time in nearly three years as market volatility and an uncertain economic outlook dampened dealmaking and reduced bond market trading activity in recent months. Wall Street’s dealmakers had a cracking start to the year, highlighted by … Read more
NEW YORK, Oct 12 (Reuters) – Citigroup (C.N), opens new tab is seeking to rapidly resolve its efforts to address regulatory demands that have long dogged the third-largest US bank, in order to fully re-focus on growth, according to two people familiar with the matter. The demands have lingered since 2020, leading to costly fines … Read more
WASHINGTON, Oct 8 (Reuters) – US bank regulators fined American Express $350 million after they determined the lender’s programs to identify potential money laundering were insufficient and the company potentially missed billions of dollars in suspicious activity. The US Office of the Comptroller of the Currency and the Federal Reserve announced the enforcement action on … Read more
Ukraine’s President Volodymr Zelensky has condemned Donald Trump’s announcement of a deal to import Russian diesel into the US. Zelensky called it a gift to Russian President Vladimir Putin that amounts to “an investment in a war that must be ended, not prolonged”. Trump said Putin had agreed to release 300,000 tonnes of diesel immediately … Read more
LONDON, Oct 8 (Reuters) – The UK-government backed London Coalition on Sustainable Sovereign Debt published two guides on Thursday aimed at helping banks and other private lenders and export credit agencies navigate sovereign debt restructurings. The documents are part of a wider effort to break bottlenecks that slowed the path out of default for the … Read more
The global economy continues to expand, supported by the artificial intelligence (AI) boom, even as high energy prices, trade tensions, policy uncertainty, and structural challenges weigh on activity. Real global GDP growth is projected to slow from 3.3 percent in 2025 to 3.0 percent in 2026 before picking up to 3.1 percent in 2027 (see … Read more
WASHINGTON, Oct 7 (Reuters) – Examiners at the US Consumer Financial Protection Bureau gave a largely clean bill of health to most of the companies they inspected earlier this year, a light-touch approach that marked a departure from the past for the watchdog, according to three people with knowledge of the matter. The CFPB resumed … Read more
