12/12/2014

Commerzbank US settlement set to top $1bn

Commerzbank is in talks to pay US authorities more than $1bn in fines to resolve allegations that the German bank broke anti-money laundering and sanctions laws — at least $400m more than previously thought.

12/11/2014

Swiss charge ex-HSBC staffer with industrial espionage

Switzerland has charged a former computer analyst at HSBC's private bank in Geneva with industrial espionage and breaching the country's secrecy laws for passing confidential client data to foreign authorities.