Bloomberg The Federal Reserve Board said that the coronavirus outbreak presented a “new risk” to the economic outlook for the US and warned of disruptions in global markets. “Because of the size of the Chinese economy, significant distress in China could spill over to US and global markets through a retrenchment of risk appetite, US dollar appreciation, and declines in …

Bloomberg The International Monetary Fund’s (IMF) top deputy, David Lipton, will depart after nine years, handing President Donald Trump a chance to install an ally at the head of the institution. Lipton and another senior official are leaving in the first significant shakeup of the leadership team by Managing Director Kristalina Georgieva, who took office in October. Lipton, the IMF’s …

Bloomberg Two former managers of a German bank were arrested in a money-laundering probe linked to Denmark’s $2 billion Cum-Ex tax scandal. The two North Channel Bank managers were taken into custody on February 4, prosecutors in the German city of Koblenz said in a statement. It’s part of a probe into the actions of the pair and five other …