Bloomberg Danske Bank A/S’s Estonian operations may have been used to launder as much as $8.3 billion in a case that has rocked Denmark and triggered calls for tougher penalties from the country’s political establishment. The amount, which represents roughly a third of Danske’s market value and almost 3 percent of Danish GDP, is more than double that previously estimated, ...

Bloomberg Bahrain hired investment bank Lazard Ltd. to advise on how to repair its strained public finances, according to people with knowledge of the matter, as the island kingdom seeks to secure crucial support from rich neighbors to avoid a currency devaluation. Lazard is helping Bahrain evaluate fiscal reforms to help ease pressure on the state’s budget, the people said, ...

Bloomberg China’s central bank is caught in a bind, as it seeks to tighten monetary policy for some parts of the economy while loosening it for others. Already engaged in the mammoth task of wringing bad debts out of China’s $40 trillion-plus financial system, the People’s Bank of China is now attempting to achieve that while simultaneously being asked to ...