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The bank pleaded guilty to breaching money laundering regulations

Professional Services Correspondent

NatWest has been fined more than £264m after being convicted of money laundering in a prosecution brought by the Financial Conduct Authority.

NatWest was fined £264.8m at a 13 December sentencing hearing at Southwark Crown Court and ordered to pay the FCA’s costs.

NatWest fined £264m after money laundering conviction

James Booth

Deutsche Bank

Why UBS needs to beat Barclays to become a top investment bank

BlackRock’s drive into private assets should worry smaller rivals — again

Schroders’ new team must deliver or pressure for break-up will grow

Barclays poaches Citi managing director for wealth private credit push

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Dale Walsh will accelerate growth of the private bank and wealth management’s lending business

Northern Trust taps UN pension fund for head of international role

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Pedro Guazo, who joins in August, will also oversee the $1.3tn asset manager’s responsible investment platform globally

Ex-EY managing partner Andy Baldwin joins IBM Consulting

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Baldwin left EY after losing out on the CEO role last year

Tesla’s sales in the European Union logged another steep decline in May, continuing a downward trend for Elon Musk’s electric-vehicle maker even as the bloc’s EV market shows signs of growth.

Tesla’s EU Sales Slumped in May Despite EV Market Growth

Oil futures recovered some ground amid short-covering after three days of declines, supported by lingering Middle East risk perception and bullish inventory data in the U.S.

How a band of brew-swilling detectives brought down Scotland’s ‘Mr. Tea’

On-and-off trade battles, hot wars and deportations make it tough to predict where the U.S. economy is headed.

U.S. Attack on Iran Injects Uncertainty Into Already Uncertain Economy

Texas and Oklahoma have banned some banks from state contracts, saying they discriminate against the gun and fossil-fuel industries.

By Alexander Saeedy, AnnaMaria Andriotis and Dylan Tokar

 Big Banks, Worried About Being Trump’s Next Target, Race to Appease Republicans

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