Three Russian-born and one Swiss-born former bankers for Gazprombank Switzerland were charged with failing to adequately check whether Russian president's longtime friend Sergei Roldugin actually owned the assets in his accounts.
Asian shares surge as easing concerns over the banking sector revived risk appetite, while Alibaba's plans to split into six units lifted Chinese tech stocks.
Under the terms of the all-share deal, Credit Suisse shareholders will receive 1 UBS share for every 22.48 Credit Suisse shares held for a total consideration of 3 billion francs.
Biggest banks — such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo — agree to prevent First Republic from collapsing and becoming the third American bank to fail in less than a week.
The nation's largest bank by assets earned a profit of $8.3 billion in its first quarter, down from a profit of $14.3 billion, in the same period a year earlier.
DeFi aims to revolutionise banking by allowing anyone with internet access to lend and borrow without going through a middleman. Is it the future of finance?
The country continues to ease restrictions as the rate of new Covid-19 cases in Pakistan leapt from around 2,000-3,000 a day in late May to as high as 6,800 a day in mid-June and deaths are nearing 150 a day.
President Erdogan says Islamic tools offer a "key" to get out of global economic woes triggered by coronavirus pandemic, while vowing to make Istanbul centre of Islamic economy.
Ukraine will receive an immediate disbursement of about $2.1 billion from the 18-month Stand-By Arrangement, the IMF said in a statement.
Protests erupted in Suweida over deteriorating living standards, as Assad struggles to keep the economy afloat.
Experts say such threats are not new to the country and its banking regulator knows how to deal with such unethical financial conduct.
Hezbollah has launched its own battle against the coronavirus, one that works alongside the Lebanese government’s response.
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