Reuters Fourteen former and current executives of the Wendel investment company will face trial for tax fraud while US bank JP Morgan Chase is to be pursued for complicity, legal sources said. The former head of Wendel, Jean-Bernard Lafonta, and Ernest-Antoine Seilliere, ex-chief of the main French employer’s association, are among those to be tried, legal sources said. An ...

  Singapore / AFP Singapore’s financial regulator said it has fined two British banks and barred a former Goldman Sachs banker in a widening crackdown on money laundering linked to Malaysian state fund 1MDB. Standard Chartered Bank was slapped with a Sg$5.2 million ($3.65 million) penalty while Coutts bank was fined Sg$2.4 million for breaching anti-money laundering regulations in 1MDB-linked ...

  Reuters Islamic banks are gradually embracing socially responsible finance, from renewable energy to microfinance efforts, helping unlock new funding sources for environmentally-friendly projects, an industry survey shows. The two sectors have developed separately from each other, but green projects could benefit from tapping Islamic banks in countries like the United Arab Emirates and Malaysia, where they now hold a ...