Midweek Roundup: Commerzbank Reportedly to Pay $650 Million for U.S. Violations, EU Readies Russia Sanctions, and More

The EU Commission advanced proposals to member-states on deeper sanctions against Russia, according to the Associated Press. The expected sanctions, which have yet to be considered by the EU Council, will center on access to capital, defense, dual-use goods and other technology. More Commerzbank AG will pay around $650 million to resolve U.S. charges of sanctions busting for individuals in Iran and elsewhere, Reuters reported, citing unnamed sources. The settlement could come next week. More Despite paying large regulatory settlements for compliance lapses and promising to spend billions more on cybersecurity, JPMorgan Chase is under serious regulatory pressure, and may...