Bloomberg Europe’s widening money laundering scandals took a new turn as ABN Amro Bank NV disclosed a criminal probe over alleged failures to check on clients and report suspicious transactions, a further sign of woe in an industry already struggling to grow profitability. Shares of the state-controlled bank slumped the most since its 2015 initial public offering and its bonds …

Bloomberg The Bank for International Settlements (BIS) started an open-ended fund for central bank investments in green bonds, it said in a statement. The institution, which is often referred to as the central bankers’ central bank, said the fund comes in response to growing demand for climate-friendly investments. It should also help institutions incorporate sustainability objectives into the management of …

Bloomberg Christine Lagarde didn’t immediately jump at the chance of succeeding Mario Draghi as president of the European Central Bank — but needed some convincing. That’s what the former chief of the International Monetary Fund revealed to Francine Lacqua in New York this week, in a Bloomberg Television interview that also offered insights into her likely management style, and even …