Banking
China’s new vassal: Vladimir Putin
Xi Jinping now holds the better cards in steering the Moscow-Beijing relationship.
UK inflation soared to 9 percent in April
EU set to sanction Credit Bank of Moscow and Russian Agricultural Bank
Crypto crackdown ripples through the Baltics
Caviar, vodka and Putin’s daughters sanctioned by EU
EU freezes assets of 4 Russian banks
Russian government claims it made interest payment on bonds: CNN
EU to freeze Putin and Lavrov’s assets
The move comes amid pressure to ratchet up penalties on Russia as it encircles Kyiv.
Eurozone inflation surprise piles pressure on ECB
The ECB is expected to keep policies unchanged when it meets on Thursday, but market expectations are shifting.
Crypto CEO: Regulators are welcome — to a point
Bitstamp favors new crypto safeguards, even if it pushes some out of the market.
EU fines banks €344M over ‘Sterling Lads’ foreign-exchange cartel
Traders at Credit Suisse, UBS, RBS, HSBC and Barclays shared sensitive information in chatroom, Commission says.
Lisbon lost, a banker on the run and one peeved president: Bad times for Portugal’s Costa
Portuguese PM lost his capital and heir in one fell swoop — and that was just the beginning.
Six-way bidding war looms for EU dirty money watchdog
The bidding war could reignite the type of location battle that engulfed Brussels after Brexit forced two UK-based EU agencies to relocate.
World Bank suspends aid to Taliban-ruled Afghanistan
The financial institution is concerned about ‘the country’s development prospects, especially for women.’
5 reasons money launderers won’t worry about EU crackdown
Dirty money could still haunt the bloc even after the announcement of a new anti-money laundering watchdog.
EU unveils new watchdog in crackdown on illicit financiers
The new agency, designed to combat dirty money in the bloc, should be up and running within three years.
EU to bypass banking agency with new dirty-money watchdog
Draft Commission plans admit Paris-based regulator has failed to tackle money laundering.
Wall Street struggles to sell Washington on Bitcoin for the masses
Bitcoin is the biggest of the virtual assets, which unlike the dollar, are distributed outside of government control and often operate on a decentralized basis.
Contactless card cap of £100 proposed by UK regulator
Financial Conduct Authority moves to raise limit from £45.
Brits in EU face closure of UK bank accounts over lack of post-Brexit rules: report
Lloyds, Barclays and Coutts have started warning EU-based customers they will stop serving them at the end of the year.
Women MEPs take aim at male-dominated finance posts
A cross-party group is pushing for better gender parity in appointments.
Ursula von der Leyen’s big gamble with borrowed money
Commission president tries to square many circles with €750 billion crisis recovery package.
Italy adopts €400B liquidity plan amid coronavirus crisis
‘We give immediate liquidity to our businesses,’ Prime Minister Giuseppe Conte said
Germany forced to ponder coronavirus battle without Merkel
Many economists predict a deeper downturn for the country than at the height of the financial crisis.
Hackers use fake WHO emails to exploit coronavirus fears
Peak public interest in COVID-19 gives hackers a chance to spy and steal.
Lagarde pushes coronavirus emergency to governments
ECB president’s response to crisis disappoints markets.
ECB offers easy money but no rate cut to counter coronavirus
Frankfurt offers cheap loans to banks but maintains already negative interest rates.
Watchdog probes EU banking supervisor’s switch to industry group
European ombudsman opens inquiry into agency’s handling of case.
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