Bloomberg The biggest Nordic banks are taking a long hard look at their compliance units after a recent hiring spree. Mikael Bjertrup, the head of financial crime prevention at Nordea Bank Abp, says banks initially ramped up compliance so fast they weren’t able to focus on efficiency in those departments. Nordea has been working on the issue for a while, ...

Bloomberg European stocks climbed on the back of strong earnings reports. Gold stabilised below $2,000 an ounce and US futures fluctuated. Games Workshop Group Plc led gains in the Stoxx Europe 600 Index after posting an increase in full-year profit. Peugeot maker PSA Group climbed 3.8% after sticking to its outlook. Silver retreated alongside base metals. The dollar traded near ...

Bloomberg Equity mutual funds in India may witness their first monthly net outflows in more than four years as investors continue to cash out to tide over the pandemic-related credit crunch, while others hold off adding more in a rising stock market. Net withdrawals from stock plans may top 10 billion rupees ($134 million) in July, said Nilesh Shah, managing ...