Bloomberg Federal Reserve officials downplayed concerns about the impact of geopolitical uncertainty on the US economy amid flaring tensions with Iran, even as a record of the central bank’s meeting last month showed that downside risks remain on their minds. “That’s one of the great things about the US economy, is it does have this resiliency to it,” Cleveland Fed ...

Bloomberg China should consider letting commercial banks foray into securities business, according to Bank of Communications Co Chief Economist Lian Ping. Lenders should be enabled to establish new securities firms or be allowed to acquire or merge with brokers, the official Shanghai Securities News reported, citing Lian’s speech at a forum in the city on Saturday. The capital of commercial ...

Bloomberg Danske Bank A/S probably will be fined around 13.5 billion kroner ($2 billion) this year by authorities in Denmark, the US and the UK as investigations into Europe’s biggest money laundering scandal draw to a close, according to estimates by Jyske Bank. Danske has admitted that a large part of 200 billion euros ($223 billion) in transactions at an ...