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British banks face money laundering crackdown

  Bloomberg Prime Minister David Cameron said the U.K. plans to make financial services companies liable for their employees’ complicity in money laundering and fraud, in an extension of proposed laws against tax evasion. Announced to coincide with an anti-corruption summit in London on Thursday, Cameron said the developed world must “get its house in order” and gave further details ...

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Pound halts decline before BOE decision, inflation forecasts

  Bloomberg The pound halted a decline versus the euro before the Bank of England announces its latest policy decision and economic forecasts. Sterling has weakened 0.8 percent versus the 19-nation shared currency this month, after strengthening in April in its first monthly gain since November. Its drop resumed as data from construction to manufacturing added to evidence that growth ...

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EU’s East loses economic impetus as funds ebb, new surveys show

  Bloomberg Growth in the European Union’s biggest eastern economies probably slowed last quarter, as household spending failed to offset ebbing aid funds and weakening export demand, surveys show. Romania will probably be alone in reporting faster annual growth in January-March among five countries in the region preparing to release fresh statistics, according to Bloomberg surveys of economists for each. ...

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