China’s benchmark stock index fell before tomorrow’s industrial production data as a slump in energy producers overshadowed gains for financial companies. The Hang Seng China Enterprises Index approached a bear market.
Bernard Madoff’s former finance chief, Frank DiPascali, who pleaded guilty to aiding the con man’s $17 billion Ponzi scheme, fed prosecutors “a line of garbage” to build their criminal case against five of his ex- colleagues, a defense lawyer told a jury.
Increased spending before limits on credit card use took effect probably contributed to the higher- than-expected rise in industrial production in January, according to Turkiye Garanti Bankasi AS in Istanbul.
A Florida man can be charged with money laundering in a case involving the use of Bitcoins, a judge ruled, rejecting a defense claim that he did nothing illegal because the online currency isn’t money.
Efforts by Citigroup Inc. senior executives to tighten controls in Mexico were rebuffed by managers there for at least five years before the U.S. bank found the local unit had suffered a $400 million loan fraud last month, four people with direct knowledge of the matter said.