Midweek Roundup: EU Seeks More Scrutiny of Foreign Banks, US Holds Global Ransomware Discussions, and More

The EU plans to require some foreign banks that operate in the bloc to establish full subsidiaries and abide by the same regulatory requirements as domestic lenders, sources told the Financial Times. More Officials from the U.S. and 30 other countries began holding virtual discussions this week on joint strategies to stem a recent rise in global ransomware attacks, but excluded Russia from the sessions, The Wall Street Journal reported. More A senior official with the U.S. Justice Department said during an industry conference that federal prosecutors want to boost efforts to seize cryptocurrencies linked to ransomware schemes, The Wall...