Three news to start your week: May 15
US trains Ukrainian law enforcement to pursue Russian crypto assets
(The Wall Street Journal)
The US is teaching Ukrainian police how to investigate cryptocurrency crimes so that they can go after the financial networks used by Russian billionaires who have been sanctioned.
The IRS's division for criminal investigations said that Ukrainian agents will get advanced, in-person training on cryptocurrency investigations in Frankfurt this week.
The division is an investigative part of a US government body most often known for collecting taxes. Still, it has been very involved in investigating whether sanctions against Russia have been broken.
Goldman Sachs to pay $215 million to end gender bias lawsuit
(Reuters)
Goldman Sachs agreed to pay $215 million to settle a class action that claimed widespread bias against women in pay and promotions. This ended one of the most high-profile cases that said women weren't treated equally on Wall Street.
About 2,887 current and past female vice presidents and associates who worked in investment banking, investment management, and securities are covered by the settlement. Goldman denied doing anything wrong when they agreed to settle.
The case has been going on for almost 13 years, and a trial was set to start in June.
Three of the four highest-paid bankers in the EU are Spaniards
(El País)
Spanish bankers are the best-paid among the big banks in the European Union. According to the data published by the entities in their annual reports, Spanish and Italian banks generally best remunerated their top executives in 2022.
Ana Botín, president of Santander, and José Antonio Álvarez, former CEO of the bank, occupy the first two positions in the ranking with 11.74 million euros and 9.57 million, respectively. The podium is completed by Christian Sewing, CEO of the German bank Deutsche Bank, who earned 8.93 million in 2022.
BBVA's chairman, Carlos Torres, who earned 8.29 million, ranks fourth. He is followed by the Italian Andrea Orcel, CEO of Unicredit, with a salary of 7.5 million.
