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A US financial industry watchdog fined Credit Suisse $16.5 million for lax oversight to prevent money laundering, the agency announced Monday. FINRA found that for two years, from January 2011 through 2013, Credit Suisse employees were not reporting suspicious activity and trades as they were required to do. "However no one at the firm reviewed the activity in the account for anti-money laundering purposes," FINRA said.
Russia said Monday it would hold talks with Washington on a total rebel withdrawal from Syria's Aleppo, where the army has made sweeping advances, but opposition factions rejected any evacuation. President Bashar al-Assad's forces have seized two-thirds of the former rebel bastion in east Aleppo since they began an operation to recapture all of the battered second city in mid-November. The rapid gains for regime forces have left opposition fighters reeling and on Monday Russian Foreign Minister Sergei Lavrov said talks would be held on a rebel evacuation.
U.S. services companies expanded last month at their fastest pace in more than a year, an encouraging sign for the economy. The Institute for Supply Management, a trade organization of purchasing managers, ...