Bloomberg Societe Generale SA settled its longstanding sanctions violations case with US authorities, entering a deferred prosecution agreement with federal prosecutors and paying $1.34 billion to regulators in New York and Washington. As part of the settlement, France’s third-largest bank acknowledged violations of US sanctions laws against Cuba, Iran and Sudan starting as far back as 2003 and extending to ...

Bloomberg Mark Carney gave his seal of approval to the transition deal agreed by Prime Minister Theresa May’s with the European Union, and signalled that he would welcome even longer for the UK to adjust. In his first public comments on the government’s draft agreement, the Bank of England (BOE) governor united with other central bank officials to warn of ...

Bloomberg India’s central bank signalled a compromise with the government by agreeing to study a demand for sharing a part of its capital — an issue that had triggered a public spat between the monetary policy makers and their political bosses. The Reserve Bank of India will form a panel to consider the funds transfer to the government, the central ...