Swiss wealth manager Lombard Odier indicted for money laundering

Key Points

Lombard Odier — one of Switzerland’s oldest private banks — has been indicted by Swiss prosecutors for “aggravated money laundering.”
In a release out on Friday, the Office of the Attorney General of Switzerland said it filed an indictment against Lombard Odier and a former employee of the bank at Switzerland’s Federal Criminal Court earlier on Tuesday.
The accused allegedly helped conceal the proceeds of a criminal organization set up by Gulnara Karimova — the daughter of Islam Karimov, the authoritarian president of Uzbekistan.

Source

Finance

China to reportedly boost defense spending by 7%, slowest pace since 2021

March 5, 2026

Key Points China reportedly plans to raise defense spending by 7% this year, the slowest increase since 2021. China kicks off an 8-day parliamentary meeting Thursday. Beijing ranks second to the U.S. in military spending. Source

Finance

Stocks making the biggest moves after hours: Broadcom, Okta, StubHub & more

March 4, 2026

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Finance

Coinbase leads crypto stocks higher after Trump signals support for digital asset market structure bill

March 4, 2026

In this article COIN Follow your favorite stocksCREATE FREE ACCOUNT Dado Ruvic | Reuters Shares of Coinbase and other cryptocurrency companies surged Wednesday after President Donald Trump threw his weight behind the industry’s battle against U.S. banks over yield-bearing stablecoins — adding to momentum the firms were already feeling from bitcoin‘s bounce. Coinbase was last […]