McDonald’s leaves Russia for good, cites risky operating environment
After more than 30 years of operation in the country McDonald’s, the first US fast-food restaurant to open in the...
Europe
Deutsche Bank HQ searched over suspicious money laundering investigation
Officers from the financial regulator BaFin, the federal police, and the Frankfurt public prosecutor’s office launched a raid on the...
French reinsurer SCOR sues Covea over ditched takeover bid
Paris-based reinsurer SCOR is taking legal actions against French peer Covea, after the latter issued a press release stating it...
EU seeks tougher scrutiny over Huawei 5G cyber security risks
The European Union (EU) is worried about potential cyber security risks from Chinese technology companies. Several members are concerned with...
Deutsche Bank settles €4m ‘Cum-Ex’ fraud investigation
Deutsche Bank settled a €4 million fraud investigation with German public prosecutors for its role in helping clients carry out...
Moody’s downgrades Italy credit ratings on budget deficits concerns
Italy appears to be in the midst of another major financial crisis as Moody’s cut its credit ratings from “Baa2”...
Danske Bank scandal exposes money laundering risk
Financial institutions are at greater risk for money laundering losses than ever before. The Danske Bank scandal reveals that even...
Deutsche Bank moves euro clearing operations as Brexit risks mount
Germany’s biggest bank, Deutsche Bank has shifted an important part of its euro clearing business to Frankfurt from London due...
German Finance Minister calls for EU-wide unemployment insurance
German Finance Minister Olaf Scholz suggested that the time has come to create a Europe-wide network for unemployment insurance to...
EU regulator publishes guidelines on MiFID II requirements
The European Securities and Markets Authority (ESMA) recently published report updates in regards to the transparency and market structure issues...
