Weekly Roundup: AML Investigation Continues to Stall M&T Bank Acquisition, Top OFAC Official Retires, and More

Luxembourg Prime Minister Xavier Bettel said Thursdays that his government would not prevent the passage of the EU Savings Directive, a bloc-wide agreement intended in part to shine a light on tax evasion. Along with Austria, Luxembourg has previously indicated that it would oppose the plan until non-EU countries, including Switzerland, agree to the same terms, according to a Reuters story. More The Federal Reserve's ongoing investigation of possible anti-money laundering (AML) violations at M&T Bank continues to delay its planned $3.7 billion purchase of Hudson City Bancorp Inc., Bloomberg reported. The case reflects a broader trend of regulatory hurdles...