The boss of the International Monetary Fund has defended the Federal Reserve’s interest rate rises as “legitimate and necessary”, after Donald Trump said the central bank had “gone crazy”.

The Bank of England has issued its strongest warning yet to the EU that its lack of adequate planning for Brexit has created growing risks for almost £70tn of complex financial contracts.

The world economy is at risk of another financial meltdown, following the failure of governments and regulators to push through all the reforms needed to protect the system from reckless behaviour, the International Monetary Fund has warned.

When Goldman Sachs and billionaire Paul Tudor Jones announced a partnership three months ago to help socially conscious investors support “just business behavior”, they promised that their new index fund would generate solid returns for savers while directing their investment dollars towards truly humane companies.

Kweku Adoboli, the former UBS trader convicted of the UK’s biggest fraud, said he was devastated after an immigration judge ruled he must remain in detention while awaiting a judicial review of his deportation.

Germany’s financial watchdog has ordered Deutsche Bank to do more to prevent money-laundering and “terrorist financing,” and has appointed an independent auditor to assess progress.

First it was David Bowie selling his own “Bowie bonds”, and now fans of Dire Straits are being given the chance to invest in the band’s multimillion-selling back catalogue.

The European commission has described the €200bn (£178m) money-laundering case at Denmark’s largest bank as “the biggest scandal” in Europe.