Portugal Probes More Than 20 People in Second Novo Banco Raid of 2025
Portuguese authorities are examining more than 20 individuals linked to a Novo Banco SA real-estate transaction after a fresh round of raids on the bank, according to multiple news reports.
Ex-Citi Banker Jailed in Singapore for Laundering Funds Linked to Chinese Syndicate
A former Citibank relationship manager has pleaded guilty and been sentenced to two years in jail for helping a Chinese criminal network launder money in Singapore, the Financial Times reported.
Ex–Nodus Chair Pleads Guilty to $13.6 Million Fraud
The former chairman of the board at Puerto Rico–based Nodus International Bank, pleaded guilty to conspiracy to commit wire fraud for his role in a $13.6-million scheme that contributed to the institution’s 2023 collapse.
Banking Job Market Heats Up in U.S.
A sharp pickup in mergers, acquisitions and initial public offerings is reviving Wall Street’s job market, prompting big banks to add senior deal makers and delay planned cuts.
UBS to Pay Nearly $1 Billion for Alleged Role in French Tax Evasion
UBS Group AG will pay €835 million ($985.6 million) to resolve a yearslong case in France over allegations the Swiss bank helped wealthy clients evade taxes.