News

Linda Lacewell, head of the New York State Department of Financial Services, said she would step down from her position on Aug. 24 along with embattled outgoing Gov. Andrew Cuomo, Spectrum News reported. More Bermuda regulators fined the local branch of German financial services firm Allianz $1.7 million after identifying weaknesses in the company's due-diligence, transaction-monitoring and other anti-money laundering controls, Bernews reported. More Germany's highest court cited a lack of standing in rejecting federal lawmakers' request to make public a parliamentary inquiry into EY's allegedly lax audits of Wirecard, the Munich-based payments processor accused of major accounting fraud, the Financial...