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Fed’s Powell heaps Trump-like praise on economy

Bloomberg There’s a powerful person in Washington besides the president who can barely contain his enthusiasm for the US economy. It’s the man Donald Trump appointed to head the Federal Reserve and whom he’s attacked for raising interest rates: Jerome Powell. In what Fed watchers say was unprecedented four public appearances over the past week, Powell repeatedly lauded the economy’s ...

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US is probing laundering case: Danske Bank

Bloomberg Danske Bank A/S said the US has started an investigation into a money laundering case involving Denmark’s biggest bank that has already toppled its chief executive officer and triggered numerous other probes. The development comes as criminal investigations are under way in Estonia and Denmark, and after Danske said that a large part of about $235 billion that flowed ...

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Irish bank loan scandal bill tops half billion euros

Bloomberg Irish banks paid out over a half a billion euros to customers caught in a mortgage overcharging scandal, according to the nation’s central bank governor. Lenders handed 580 million euros to affected customers by the end of August, an increase of about 120 million euros since the end of March, central bank Governor Philip Lane was expected to say ...

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