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BANKING NEWS

Italian bank Monte Paschi gambles on turnaround by year-end

Italian bank Monte Paschi gambles on turnaround by year-end
By Silvia Aloisi and Paola Arosio | MILAN Italian lender Monte dei Paschi di Siena plans to lay off a tenth of its staff, shut branches and sell assets to win investor backing for a 5 billion euros ($5.4 billion) cash call that could ...

UK looks at paying billions into EU budget after Brexit

UK looks at paying billions into EU budget after Brexit
By: George Parker and Martin Arnold in London and Alex Barker in Brussels Plan would let finance sector keep single-market access Britain would continue to pay billions of pounds into the EU budget ...

Banking watchdog: About 15 Swiss banks in money laundering 'red zone'

Banking watchdog: About 15 Swiss banks in money laundering 'red zone'
By Francois Murphy, Reuters VIENNA (Reuters) - Roughly 15 Swiss banks are in a "red zone" of lenders particularly exposed to money laundering risks, the head of Swiss banking watchdog FINMA said in a newspaper interview published on Sunday. Swiss ...

Deutsche Bank fined for failings in equity research unit

Deutsche Bank fined for failings in equity research unit
By: Ben McLannahan in New York Penalty is latest in long line of regulatory run-ins for German bank’s US arm Deutsche Bank has suffered another bloody nose at the hands of US regulators, with a $9.5m fine for failings in its equity...

Singapore shuts second Swiss bank over 1MDB corruption scandal

Singapore shuts second Swiss bank over 1MDB corruption scandal
By: Michael Peel in Bangkok, Don Weinland in Hong Kong and Ralph Atkins in Vienna Monetary authority orders closure of Falcon Private Bank and fines UBS and DBS Authorities in Europe and Asia have cracked down on an Abu ...

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