Bloomberg Federal Reserve Governor Randal Quarles expressed optimism about the state of the US economy, calling strong hiring and low inflation a “good environment” even as investors focus on mounting threats to growth. “Clearly markets are more attuned currently to the downside risks, but the core base case remains very strong,” Quarles, the central bank’s vice chairman for supervision, said …

Bloomberg Mario Draghi is running out of time to say whether he’ll shake up the responsibilities of his top officials to ensure smooth leadership in the supervision of the region’s banks. The European Central Bank president faces a deadline of February 11, when Executive Board member Sabine Laut- enschlaeger’s non-renewable five-year term as vice chair of bank supervision expires. He …

Bloomberg Morgan Stanley, the world’s second-largest wealth manager, is beefing up its services for rich clients in Singapore with a focus on Chinese entrepreneurs looking to set up family offices in the city state. “The city is a key business hub for China entrepreneurs, as well as a family office nexus,” Vincent Chui, who heads the bank’s Asia wealth operations, …