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Ex–Nodus Chair Pleads Guilty to $13.6 Million Fraud Linked to Bank Collapse

The former chairman of the board at Puerto Rico–based Nodus International Bank, pleaded guilty to conspiracy to commit wire fraud for his role in a $13.6-million scheme that contributed to the institution’s 2023 collapse.
photo credit Bank of America branch in NYC (52809555987)” by Ishmael Daro, via Wikimedia Commons, licensed under CC BY 2.0. Edited from the original

Banking Job Market Heats Up in U.S.

A sharp pickup in mergers, acquisitions and initial public offerings is reviving Wall Street’s job market, prompting big banks to add senior deal makers and delay planned cuts.
photo credit “Opernturm Frankfurt” by Quartl, licensed under CC BY-SA 3.0 Germany. Via Wikimedia Commons

UBS to Pay Nearly $1 Billion for Alleged Role in French Tax Evasion

UBS Group AG will pay €835 million ($985.6 million) to resolve a yearslong case in France over allegations the Swiss bank helped wealthy clients evade taxes.