European Union

Bitcoin ATMs show gap in EU's money laundering rules, police say

07/11/19

A Spanish effort to prosecute a gang that used Bitcoin automated cash machines suspected of being a front for illegal-drug payments has exposed a hole in European anti-money-laundering controls, law enforcement authorities in the country said.

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Don’t drop the ball on trans-Atlantic cooperation

05/17/19

The U.S. and Europe should continue to harmonize their banking rules, including for foreign banking operations, just as they did in the wake of the financial crisis.

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Visa, Mastercard finalize EU card probe with fee cut pledge

04/29/19

Visa Inc. and Mastercard Inc. ended nearly two decades of European Union antitrust scrutiny with a pact that requires them to reduce fees for foreigners shopping in the region.

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Apple Card raises pressure on banks — and fintechs

03/25/19

The new Apple Card wasn't just one product of many announced at the Steve Jobs Theater on Monday — it was the glue that binds all of Apple's new services together.

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U.S. scolds Europe for targeting territories on dirty-money list

02/13/19

The European Union drew a rebuke from the U.S. for including Puerto Rico, the U.S. Virgin Islands and other overseas territories on a blacklist of 23 jurisdictions posing higher risks of money laundering and terrorist financing.

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Deutsche Bank watchdogs said to favor Europe deal for lender

01/16/19

Deutsche Bank's key regulators would prefer the lender merge with a European rival rather than local competitor Commerzbank, setting them apart from forces in the government keen on an all-German deal.

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EU’s new data privacy law creates headaches for U.S. banks

09/20/17

It's not just big banks. Even U.S. community banks may be subject to the General Data Protection Regulation given the boundlessness of digital commerce.

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Last-minute regs may compound balance-sheet woes of Europe's banks

08/18/17

The latest draft of EU securitization rules would ban securitization of loans where borrowers certified their own income, raising concerns about banks’ ability to unload roughly $1 trillion of nonperformers.

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Banks may face extra $50B capital needs after Brexit

08/01/17

Banks may need to find $30 billion to $50 billion of additional capital to support new European units in the aftermath of a hard Brexit, and some smaller firms may abandon their operations on the continent altogether as profitability plunges, according to Oliver Wyman Inc.

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Bank of America chooses Dublin as post-Brexit EU hub

07/21/17

Bank of America has picked Dublin to locate its main European Union hub in preparation for Britain quitting the bloc in 2019.

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