Deutsche Bank faces €35M asset seizure in money-laundering probe, highlighting ongoing legal troubles for Germany’s biggest bank.
German authorities searched Deutsche Bank's Frankfurt and Berlin offices amid an investigation into illicit financial transactions linked to unknown employees and foreign entities. The probe, related to suspected money laundering, coincides with the bank's upcoming 2025 earnings report. The investigation follows past regulatory fines and concerns over illicit activities.
Major UK banks, including Lloyds and Santander, report strong 2025 profits despite costs from scandals and economic pressures. They are raising profit targets for 2026, citing higher interest rates, fee income, and strategic growth, signaling confidence in sustained profitability amid economic uncertainties.
Newly obtained documents show Jeffrey Epstein stored incriminating materials in multiple US locations over 16 years, including letters, photos, and videos. These items, hidden from authorities, may shed light on his connections to powerful figures and ongoing investigations into his crimes, even after his death in 2019.
Greggs reports a 17.9% drop in pre-tax profits to £167.4 million for 2025, citing challenging market conditions, hot weather, and rising costs. Despite slower sales growth at the start of 2026, the company expects easing inflation to support consumer spending and plans to expand its store network.
As of March 22, 2026, the ongoing Iran conflict has pushed oil prices above $100 a barrel, disrupting global energy markets and complicating economic forecasts. The US Federal Reserve held interest rates steady at 3.6%, citing uncertainty from the war and its inflationary impact. Weak US job growth and rising inflation have heightened fears of stagflation, while markets brace for prolonged volatility.
Motional resumes commercial robotaxi services in Las Vegas with a focus on cost efficiency after restructuring and technological upgrades. Meanwhile, London prepares for autonomous taxis amid complex urban conditions, and safety concerns persist with incidents involving Tesla and Uber vehicles. Industry leaders emphasize AI's potential and challenges.
The DOJ is examining whether the NFL's broadcast and streaming practices are anti-competitive, amid rising costs for consumers and concerns over the shifting sports media landscape. The investigation follows recent reports of high subscription fees and regulatory scrutiny of the league's exemption from antitrust laws.
Oil prices have been rising sharply amid escalating tensions after the US announces a blockade of Iranian ports following failed ceasefire talks. Stock markets are volatile, and energy supplies face disruption as Iran closes the Strait of Hormuz. The situation remains uncertain and tense.
UK inflation has accelerated to 3.3% in March, driven by higher fuel prices due to the Iran war. The UK labour market shows signs of softening, with unemployment falling to 4.9%, but wage growth remains subdued. The Bank of England is monitoring these trends closely as it prepares for upcoming policy decisions.