London home to most multimillionaires
The UK capital has, with 4,549 multimillionaires, topped a ranking of cities that are home to residents with net assets of at least $30m, according to a study by verdict.co.uk and GlobalData WealthInsight. (Independent)
Fed fines Deutsche for weak anti-money-laundering practices
The Federal Reserve has fined Deutsche Bank $41m for “unsafe and unsound” anti-money-laundering practices. The German lender’s US banking operations failed to comply with the Bank Secrecy Act, the Fed said. (WSJ)
