EU proposes tough new financial rules

The European Union's executive arm Wednesday proposed sweeping changes to the way the bloc supervises its financial markets, a plan that could face fierce resistance from some EU states.

The European Commission's proposal will create two umbrella groups aimed at unifying the EU's patchwork of national rules and overseers.

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JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

JPMorgan to Pay $330 Million Over 1MDB Transactions