Saudi Arabia stocks lower at close of trade; Tadawul All Share down 1.30%

XPeng: Major Revaluation Catalyst Ahead

It is the second time FinCEN has taken action against UBS. Credit: Cineberg/ Shutterstock.com. The US Treasury’s Financial Crimes Enforcement Network has ordered UBS to pay a $125m civil penalty for “wilful” breaches of the Bank Secrecy Act.  The agency said the sanction is the biggest so far against a broker-dealer for violations of that law.  Access…

ETF managers are racing to position themselves for the Anthropic IPO. Ares Management is in talks to buy Leonard Green & Partners to bolster its private equity platform. These are among the investment must reads for financial advisors this week.

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