European Bankers Step Down as Panama Papers Pile on Pressure
- Austrian CEO, ABN board member resign, admit no wrongdoing
- U.K. regulator instructs banks to disclose ties by mid-April
The Panama Papers and Tax Havens Worldwide
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European regulators pressed the region’s banks for details of their offshore business dealings, as two senior bankers resigned over allegations arising from the Panama document leak.
Britain’s financial watchdog sent out letters asking banks and other financial companies to disclose any ties to Panama law firm Mossack Fonseca, said a person with knowledge of the situation. Swiss regulator Finma said it would also investigate “suspicious” connections unearthed by the Panama Papers.