Weekly Roundup: German Lawmakers Approve Plan to Punish Banks that Aid Tax Dodgers, Barclays Reaches Deal with Somali MSB, and More

Eike Batista, who was the richest man in Brazil for most of the last decade, could face over 20 years in prison after federal investigators accused him of insider trading, market manipulation and money laundering, Reuters said, citing reports by Brazilian media. More Separately, Brazil's $4.5 billion investigation of a suspected money laundering ring has drawn attention to the informal money changers known as doleiros, Bloomberg said. More Barclays Plc and Somali remitter Dahabshiil settled the terms of a legal dispute over whether the bank could shut down its account, according to The Wall Street Journal. Dahabshill, which accused Barclays...