A former Morgan Stanley adviser
was sentenced to five years in prison on Tuesday after he
admitted that he misused client funds to invest in a wind farm
project and to cover his own personal expenses, including
college tuition for his children.
Mobile payment services such as
Apple Pay could run into reimbursement problems in some
instances, and fintech firms in general must be more sensitive
to risks, Federal Reserve Bank of Atlanta President Raphael
Bostic said on Tuesday.
The impoverished state of
Central African Republic landed a windfall on Tuesday, at least
on paper, when Russian state bank VTB reported it had lent the
country $12 billion -- but the bank then said it was a clerical
error and there was no such loan.
The Reserve Bank of New
Zealand (RBNZ) said on Wednesday that it would further unwind
mortgage lending restrictions at the start of next year as
growth in the previously red hot housing market eased off.
U.S. options traders have their
eyes firmly fixed on Buenos Aires this week, and they are
increasingly confident the meeting there of the heads of the
world's 20 largest economies means one thing: more volatility.