Weekly Roundup: Commerzbank AG Deal Reportedly Delayed, UBS Exec Claims No Knowledge of Tax Evasion, and More

The expected U.S. settlement with Commerzbank AG for alleged sanctions violations has been delayed, possibly for months, due to complications arising from a separate probe of the financial institution's transactions connected to the Olympus Corp accounting fraud, Reuters said, citing anonymous sources. The sanctions settlement is said to involve a $650 million penalty. More Manhattan U.S. Attorney Preet Bharara and New York federal prosecutor Loretta Lynch are among the top contenders to replace outgoing U.S. Attorney General Eric Holder and Deputy Attorney General James Cole, Bloomberg reported, citing individuals familiar with the matter. More Attorneys for Raoul Weil, the former...