The US Treasury Department released its semi-annual report saying Switzerland (along with Vietnam) had intervened to artificially prevent its currency rising against the dollar.
Based on frequent accusations of “professional misconduct”, campaign group Spotlight on Corruption has urged the government to introduce a three-year ban on EY bidding on public contracts.
Both local and international banks in Hong Kong have been told to report any transactions that are known, or suspected to be, violating the widely controversial national security law to the police.
According to recent data, staff departing from the Bank of England (BoE) received £3m in “golden goodbyes” in 15 months, which are settlement payments offered to an employee as compensation for dismissal or compulsory redundancy.
A $3.9bn (£3.1bn) settlement deal has been struck between Goldman Sachs and Malaysia over losses the giant investment bank caused in the 1MDB corruption scandal.
River Financial has secured $5.7m in seed funding from investors such as Polychain Capital, Slow Ventures and Castle Island Ventures to build Bitcoin financial services.
Zopa, the world’s oldest peer-to-peer (P2P) lending platform, is set to become the first hybrid P2P lending and digital banking platform in the UK.
In the largest accounting scandal in postwar European history, Wirecard, the German fintech payment processor, faces allegations of fraud for fabricating over €1.9bn of cash.
The online app-based challenger bank Monzo has announced plans to cut up to 8% of its workforce, or 120 employees, due to the economic downturn caused by the coronavirus crisis.
Nationwide CEO Joe Garner says that a borrower's credit record should be marked with a temporary notice if they choose to take a further mortgage holiday in response to COVID-19.