PRIVT – The News Desk

Saudi riyal, yuan, Turkish lira, pound, U.S. dollar, euro and Jordanian dinar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsSept 8 (Reuters) - Global money market funds attracted robust inflows in the week ended Sept. 6, as investors gravitated towards safer options amid concerns over slowing growth in China and Europe as well as uncertainty regarding the Federal Reserve's interest rate outlook.Investors poured about $57.38 billion into global money market funds in their most significant weekly net purchases since June 7, LSEG data showed.Reuters Graphics Reuters GraphicsInvestors favoured safer assets on worries that a slowdown in China and Europe would weigh down global growth.Data from the euro area and Britain s...

AMSTERDAM, Aug 11 (Reuters) - De Volksbank's systems to prevent money laundering have been deemed insufficient by the Dutch central bank (DNB) and it will likely face a fine, the Dutch state-owned bank said on Friday.The bank, which incorporates several smaller Dutch banks such as SNS and ASN, disclosed the findings along with its first-half results."We regret that we were not able to fulfil our gate watcher role with respect to client integrity and that we are at this moment in violation of certain legal obligations with respect to money laundering" laws, Chairman Martijn Gribnau said in a statement.The bank said it was working to make changes required by the DNB before April 1.In its earnings report, the bank said first-half net profit nearly tripled to 248 million euros ($273 million) ...

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Global money market funds attract biggest weekly inflows in three months

Dutch lender De Volksbank faces fine over money laundering safeguards