News

JPMorgan Chase & Co. agreed to pay $75 million to the U.S. Virgin Islands to settle claims that the bank's compliance-related shortcomings effectively enabled the sex crimes of disgraced financier Jeffrey Epstein, American Banker reported. More The Justice Department ramped up investigations into Credit Suisse and UBS, the rival bank that recently acquired it, amid suspicion that the two lenders violated U.S. sanctions against Russia, Bloomberg reported. More The U.S. Securities and Exchange Commission fined Deutsche Bank's investment arm $25 million for violating anti-money laundering rules and other requirements, The Wall Street Journal reported. More U.S. officials formally, publicly proposed...