Swiss wealth manager Lombard Odier indicted on money laundering charges

Key Points Lombard Odier, one of Switzerland’s oldest private banks, was accused by Swiss prosecutors of aggravated money laundering. In a statement on Friday, Switzerland’s Attorney General’s Office (OAG) said it filed an indictment against Lombard Odier and a former bank employee with Switzerland’s Federal Criminal Court on Tuesday. The OAG said the defendant helped […]

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‘This was preventable’: Corporate world shudders at new risks after slaying of UnitedHealthcare CEO

Key Points UnitedHealthcare CEO Brian Thompson was fatally shot Wednesday while doing something many other American executives routinely do: walking unaccompanied to an investor event hosted by his company. But Thompson’s death this week in the heart of America’s corporate capital has sent shockwaves through the business world, forcing companies to rethink the risks in […]

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Treasury Department may fine small businesses $10,000 or more if they don’t file this new report

Key Points Small businesses and their owners could face fines of $10,000 or more if they don’t comply with a new U.S. Treasury Department reporting requirement by the end of the year, and evidence suggests many still haven’t. The Corporate Transparency Law, approved in 2021, created the requirement. The law aims to curb illicit finances […]

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Stocks making the biggest moves premarket: Dell Technologies, MicroStrategy, Urban Outfitters and more

Check out the companies making headlines before the bell rings. Dell Technologies Shares fell more than 12% after the PC maker said it forecast fourth-quarter revenue and earnings below Wall Street expectations. However, the company made optimistic comments about the growth of artificial intelligence sales. work day Shares fell about 11% after the human resources […]

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