Midweek Roundup: Spain Fines Banco Espirito Santo for AML Violations, Jury Convicts Madoff Employees, and More

Russia's economy could enter into a recession should Western sanctions for its invasion of the Crimean peninsula spur capital flight and divestments, the World Bank concluded, according to a report by Reuters. Russia's gross domestic product could decrease by as much as 1.8 percent in 2014. More Amid a U.S. and EU push for sanctions in response to the Ukraine incursion, Switzerland has yet to scale back its dealings with Russia, Reuters reported. Swiss officials fear they could compromise close trade relations with Moscow by imposing sanctions, the news agency said. More The Swiss have, however, launched two money laundering...