Bastion Capital London, a now-defunct broker that traded over 70 billion pounds ($90 billion) worth of Danish and Belgian stocks for hedge fund Solo Group clients, has been fined for serious crime control failings in the latest London "cum-ex" crackdown.
The European Central Bank is "not very far" from a peak in interest rates following a series of increases, Bank of Italy governor Ignazio Visco said on Thursday.
J.P. Morgan has become the latest major bank struggling to find Russian stocks linked to some client investments, adding to fears for investors still hoping to recoup some value from stranded assets in the country.
Spain's Margarita Delgado has come out ahead of Germany's Claudia Buch at informal parliamentary hearings for the job of top supervisor at the European Central Bank, two sources at the hearings told Reuters.