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Commerzbank AG (CRZBF)
- Reuters
German regulator fines Commerzbank over anti-money laundering non-compliance
BERLIN (Reuters) -German financial watchdog BaFin has ordered Commerzbank to pay a fine of 1.45 million euros ($1.55 million) for breaching its anti-money laundering duties, the regulator said on Monday. "Commerzbank AG and the former comdirect Bank AG, of which Commerzbank AG is the universal successor, had breached their supervisory duties," said the regulator in a statement. According to BaFin, the bank did not update customer data on time and did not provide proper security measures, which resulted in inadequate due diligence in three cases, thus violating its anti-money laundering obligations.
- Bloomberg
Oil Holds Steady Amid Wait for Israel’s Response to Iran Attack
(Bloomberg) -- Oil fluctuated in a narrow range as risk-off sentiment prevailed in broader markets and traders monitored Israel’s response to an unprecedented attack by Iran. Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingWhat If Fed Rate Hikes Are Actually Sparking US Economic Boom?China Tells Iran Cooperation Will Last After Attack on IsraelPowell Signals Rate-Cut Delay After Run of Inflation SurprisesUS Yields Spike as Hawkish Powell Puts 5% in Play: Marke
