Frankfurt / AFP Donald Trump’s shock election win in the United States “is not a good day for the world economy” and could force the European Central Bank “to intervene”, governing council member Ewald Nowotny said on Wednesday. Nowotny told reporters in Vienna the ECB was “prepared to intervene” as he warned of “massive insecurities” after the vote outcome ...

  Bloomberg Tesco Bank, the lending arm of the U.K.’s biggest grocer, said it’s spending 2.5 million pounds ($3.1 million) to reimburse customers who lost money during a wave of fraudulent account transactions over the weekend. About 9,000 of the firm’s 136,000 checking-account clients fell victim and were fully reimbursed by Tuesday, the company said in a statement. The bank ...

  Bloomberg ABN Amro Group NV promoted Kees Van Dijkhuizen to chief executive officer to help complete the Dutch bank’s privatization, succeeding Gerrit Zalm, who returned the firm to the stock market last year. Van Dijkhuizen, 60, a former state official who has been the lender’s chief financial officer since 2013, will assume the CEO role by mid-February at the ...