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Regulators identified “significant deficiencies” in how the American Express’s enterprise-wide, anti-money laundering program was implemented, in particular at the firm's subsidiary national bank.
We haven't written up this one. Banking Dive has the full story — the link below goes straight to it.
US bond yields are as high as they were in 2002. The stock markets are trading close to their record highs. But this is misleading. Beneath the surface of the indexes, there is turmoil.
The rising yields are also having an impact on corporate bonds. For companies with good credit ratings, financing remains affordable - but weaker borrowers face significantly higher interest burdens.
The Ifo chief warns in an interview with the Handelsblatt of an escalation of the bond crisis and expects a return of the euro crisis.
