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United Kingdom

John O'Donnell

Banker tells German fraud trial he made millions from 'astronomical' trades

19 Sep 2019

BONN A British investment banker at the center of Germany's biggest fraud trial told judges on Thursday he earned millions of euros from deals involving "astronomical" trades that prosecutors say were a means to make bogus tax reclaims.

Banker tells German court of 'vast network' at center of fraud trial

18 Sep 2019

BONN A banker at the center of a trading scheme German prosecutors say resulted in hundreds of millions of euros of illegitimate tax rebates told a court the scheme had taken on an "industrial scale" involving a network of banks and other institutions.

Malta must do more to fight money laundering, says European watchdog

13 Sep 2019

DUBLIN Malta has been sharply criticised by an influential European monitoring body for inadequately tackling financial crime, in a report highlighting the risks of its large banking and online gambling sectors.

Malta must do more to fight money laundering, says European watchdog

13 Sep 2019

DUBLIN, Sept 13 Malta has been sharply criticised by an influential European monitoring body for inadequately tackling financial crime, in a report highlighting the risks of its large banking and online gambling sectors.

Bankers step up rate rant ahead of crunch ECB meeting

10 Sep 2019

FRANKFURT European banks have stepped up their protest against rock-bottom interest rates ahead of a central bank meeting expected to underpin a policy that tramples their profits and has even pushed some to offer free loans.

Exclusive: U.S. congressional probe finds possible lapses in Deutsche Bank controls - sources

06 Sep 2019

LONDON/NEW YORK U.S. congressional investigators have identified possible failures in Deutsche Bank AG's money laundering controls in its dealings with Russian oligarchs, after the lender handed over a trove of transaction records, emails and other documents, three people familiar with the matter said. | Video

Banker to reveal workings of trading scheme in German fraud trial, court told

04 Sep 2019

BONN A British banker charged with fraud in Germany has agreed to reveal the workings of a share trading scheme which prosecutors allege cost the country 450 million euros (£408 million) in lost taxes, his lawyer said on Wednesday.

Russian businessman behind shuttered Latvian bank PNB attacks ECB

16 Aug 2019

FRANKFURT/RIGA The Russian former owner of a stricken Latvian lender has attacked the European Central Bank (ECB) for abruptly shutting it, amid a bitter dispute after he previously accused an ECB governor of corruption.

Irish minister predicts Britain will crash out of EU in October

07 Aug 2019

DUBLIN Britain will leave the European Union in October without a divorce deal, an Irish government minister predicted, causing a severe economic shock that could require pan-EU financial support for countries including Ireland.

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