Bloomberg California drivers are facing the prospect of paying $4 a gallon at the pump for the first time in five years after its refineries were hit by a series of breakdowns. Pump prices in the most populace US state have gained 12 cents in the past week to average $3.71 a gallon, according to AAA. That’s about three times …

Bloomberg Efforts to fight money laundering across the Nordic and Baltic states took a more aggressive turn. Estonia’s state prosecutor is expanding an investigation into Danske Bank A/S to include Swedbank AB of Sweden. Meanwhile, the accounting firms Ernst & Young and KPMG were both reported to the police in Denmark amid allegations they failed to respond to red flags …

Bloomberg Two of the ECB Governing Council’s leading members gave a tentative welcome to the review of the institution’s negative rate policy announced this week by President Mario Draghi. Speaking at the International Monetary Fund meetings in Washington, both Chief Economist Peter Praet and Bundesbank president Jens Weidmann signaled they were open to the rethink, though they stopped short of …