The United States has removed former Paraguayan president Horacio Cartes from its sanctions list, a shift that comes amid warmer ties between the Trump administration and President Santiago Peña’s conservative government, Bloomberg reported.

Pope Leo XIV has approved new rules that redistribute control over the Holy See’s financial investments, diluting the exclusive authority the Vatican Bank has held since 2022 and formalizing a shared model of oversight across church institutions.

Jeffrey Epstein remained embedded in Wall Street’s elite financial networks in the years before his 2019 death, maintaining accounts at more than 20 banks and executing large transactions with prominent investment firms, according to new reporting by The Wall Street Journal. 

Hong Kong has banned Richard Charles Heyes, Citigroup’s former head of pan-Asia equities, from re-entering the financial industry for five years after finding him liable for regulatory breaches.

JPMorgan Chase will pay $330 million to the government of Malaysia to settle claims that it facilitated the processing of $800 million in fraudulent transactions linked to the looting of Malaysia’s sovereign wealth fund, 1MDB.  The settlement, which binds both parties from any future claims or litigations related to the scandal, follows allegations by Malaysian […]