Brazil’s federal police arrested Paulo Henrique Costa on Thursday, the former head of state-controlled lender BRB. The arrest is tied to a widening investigation into…
Pakistan Opens Formal Banking Access to Licensed Crypto Firms, Overriding 2018 Ban
Pakistan’s central bank has taken a historic step. Banks are now allowed to open accounts for licensed virtual asset service providers, effectively overriding a ban…
Quadra Capital Nears $3 Billion Deal to Buy Troubled Assets From Brazil’s Banco de Brasília
Brazilian independent asset manager Quadra Capital is close to acquiring 15 billion reais — roughly $3 billion — in assets from state-owned Banco de Brasília…
IBM Agrees to Pay $17 Million to Settle U.S. Government Probe Over DEI Practices
IBM has agreed to pay $17 million to resolve a federal investigation into its diversity, equity, and inclusion practices. The settlement marks a significant milestone…
FedEx Sues New York Law Firm Over Alleged Staged Crashes and Fake Injury Claims
FedEx is taking a personal injury law firm to court, and the accusations are severe. The delivery giant filed a lawsuit on Tuesday in Manhattan…
SEC Enforcement Cases Drop Over 20% as Agency Says It’s Hitting Reset
The U.S. Securities and Exchange Commission brought far fewer enforcement actions in its latest fiscal year. The total fell more than 20%, landing at 456…
EU prosecutors seek to lift immunity of Greek lawmakers in farm subsidy fraud probe
European prosecutors have requested that Greece lift the parliamentary immunity of 11 sitting lawmakers to allow a deeper investigation into an alleged fraud scheme involving…
How a little-known banker entered Brazil’s political inner circle and sparked a national scandal
For years, Daniel Vorcaro was known primarily in financial circles as the head of Banco Master, a bank whose rapid growth puzzled analysts across Brazil’s…
CFTC names former prosecutor and crypto defense lawyer as enforcement chief
The U.S. Commodity Futures Trading Commission (CFTC) has appointed former federal prosecutor David Miller as its new head of enforcement, a move that comes as…
Texas sues Sanofi, alleging improper inducements to boost prescriptions
Texas Attorney General Ken Paxton has filed a lawsuit against French drugmaker Sanofi, accusing the company of offering improper incentives to healthcare providers to encourage…