Midweek Roundup: U.S. Court Awards Iranian Money to Terror Victims, Former New Orleans Mayor Gets 10 Years, and More

Led by Barclays and Royal Bank of Scotland, European banks face $50 billion in legal costs, including money set aside to settle allegations of anti-money laundering (AML) program lapses, Bloomberg reported Monday. By comparison, U.S. financial institutions have earmarked $25 billion for legal expenses. More The European Banking Authority said in draft guidance that regulators in the economic bloc must use a common "scorecard" from 2016 to rate compliance with capital requirements rules, Reuters said. As part of that change, banks must determine whether they can withstand likely regulatory fines. More The Council of the European Union said Wednesday that...