Bloomberg The Gulf of Mexico is turning into a parking lot for Venezuelan crude, as the US sanctions on Petroleos de Venezuela SA essentially stop the flow of oil from the Latin America country. Tankers holding about 6 million barrels of Venezuelan oil are floating in the US Gulf Coast or heading there, according to data from cargo-tracking and intelligence …

Bloomberg Danske Bank A/S isn’t expecting to see financial losses as a result of the client flight triggered by its money laundering scandal, according to its interim chief executive officer, Jesper Nielsen. The bank said it lost about 11,000 retail customers in Denmark, net, last year. It also pointed to “negative impact” of the laundering case on its corporate clients …

Bloomberg Bank of Italy Governor Ignazio Visco joined his European counterparts in signalling that economic growth will be much weaker than predicted, warning of the implications for euro-area inflation. “The prospects for the Italian economy are less favourable today than they were a year ago,” Visco, who sits on the European Central Bank’s Governing Council, said in a speech to …