Bloomberg The European Central Bank (ECB) warned that risks of financial-market turmoil have increased amid slower growth in emerging economies, weak bank profitability and the rise of populist movements across the 19-nation euro region. “A sharper-than-expected fall in Chinese growth could well lead to a synchronized downturn across other emerging market economies, particularly commodity exporting economies,” the ECB wrote ...

  BLOOMBERG UK banks are privately lobbying the Bank of England to pressure Swift into adopting new security measures that would make it more difficult for cyber criminals to target the global payments network, according to a person with direct knowledge of the discussions. The banks want the Society for Worldwide Interbank Financial Telecommunication (Swift) to install software that would ...

  Singapore / AFP Singapore’s central bank on Tuesday said it was kicking out Switzerland’s BSI Bank, which has been linked to a global money-laundering scandal that has embroiled neighbouring Malaysia’s Prime Minister Najib Razak. In the toughest legal action so far in the crisis rocking Malaysian state fund 1MDB, Switzerland also disclosed it had launched criminal proceedings against the ...