News

James Fries, former director of the U.S. Treasury Department's Financial Crimes Enforcement Network, has been named chief executive of Wirecard following the arrest of his predecessor Markus Braun amid claims of large-scale accounting fraud at the German payment processor, Bloomberg and the Financial Times reported. More and More Nikhil Rathi, an executive at the London Stock Exchange and former senior U.K. Treasury official, has been appointed to lead the Financial Conduct Authority, the Financial Times reported. More Hong Kong's financial markets supervisor fined Guotai Junan Securities $3.3 million after identifying lapses in the Chinese securities broker's anti-money laundering program and...