Weekly Roundup: Arab Bank Agrees to Pay Hamas Victims, Deutsche Bank Could See Libor-Like Settlement, and More

Jordan-based Arab Bank Plc has agreed to settle a lawsuit claiming that it knowingly provided financial services to senior Hamas officials and charities, The New York Times reported Friday, citing bank and plaintiff spokespersons. The damages phase of the bank's civil trial was scheduled to begin Monday after a New York federal judge deemed the bank responsible for financing terrorism. More An ongoing investigation into alleged money laundering by a Russian client of Deutsche Bank could result in a settlement comparable to the $2.5 billion the German financial institution paid for Libor-related violations, Handelsblatt said, citing unnamed sources. The investigation...