Midweek Roundup: U.K. Abandons Plan to Ease Corporate Prosecutions, Fed Approves Long-Awaited M&T Acquisition, and More

The United Kingdom is dropping a plan to expand the Bribery Act to ease prosecutions of corruption corporations, citing "little evidence" of wrongdoing by businesses, the Financial Times reported. The U.K. Serious Fraud Office had lobbied for the law's expansion. More Organized crime groups are exploiting the migrant crisis by turning to human smuggling for profits, according to the Associated Press. Approximately 30,000 human smugglers may be operating in the European Union, a Europol official told the news agency. More Complicated pre-auction sales agreements and a general lack of transparency have raised cries for greater regulation of the art market...