Bloomberg NatWest Group Plc faces landmark money laundering charges for failing to properly monitor a company’s account that received cash deposits totaling $365 million. The bank failed to conduct proper due diligence and oversight of the company’s account over a five-year period through 2016, the UK Financial Conduct Authority (FCA) said. The charges relate to NatWest’s relationship with Fowler Oldfield ...

Bloomberg Pakistan has hired banks for a possible foreign-currency bond offering. The government has mandated Deutsche Bank, JPMorgan Chase & Co., Credit Suisse group and Standard Chartered, the people said. The South Asian nation is looking to raise funds after reaching an agreement with the International Monetary Fund on resumption of a $6 billion bailout program that was secured in ...

Bloomberg Hong Kong’s bankers are working around the clock as the region’s companies rush to go public. Initial public offerings (IPO) in the city have already hit almost $11 billion, a close to 500% jump from a year earlier, with video streaming platform Bilibili Inc. and search giant Baidu Inc. among companies preparing multi-billion dollar deals. Digital roadshows and clients ...