Bank Compliance Slow Services for Some in Europe’s Growing Defense Sector
European lenders are re-engaging with defense companies but smaller firms in the sector’s supply chain are running into hurdles clearing bank compliance requirements, according to new reporting by The Banker.
UBS Strengthens AML Checks on Wealthy Clients in Asia
UBS Group AG is intensifying scrutiny of how clients in its Asian wealth hubs make and move their money, pressing some to provide more detailed disclosures as the Swiss lender looks to avoid fresh regulatory clashes.
U.S. Cybersecurity Agency Warns of “Catastrophic” Fallout from F5 Hack
Nation-state hackers gained “long-term, persistent access” to systems at cybersecurity vendor F5 Inc., stealing portions of BIG-IP source code, internal vulnerability information, and limited customer configuration data, Bloomberg reported, citing regulatory filings.
FSB Warns Market Rally Raises Specter of Sudden Crash
The world’s top financial watchdog warned that a sharp run-up in global asset prices has left markets vulnerable to the potential for a crash given current economic and geopolitical uncertainties.
Congress Expected to Subpoena Banks Linked to Epstein
Jeffrey Epstein remained embedded in Wall Street’s elite financial networks in the years before his 2019 death, maintaining accounts at more than 20 banks and executing large transactions with prominent investment firms, according to new reporting by The Wall Street Journal.
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.