GLOBAL manufacturing ended 2013 on a strong note, as major exporters like the US, Japan, and Germany all saw demand pick up, although China’s performance remained modest, surveys showed yesterday.

An apparently insignificant money-laundering case taken against several Colombian men became one of the most important leads for US investigators pursuing a case against an international banking group, write Carrick Mollenkamp and Brett Wolf

The head of compliance at British banking giant HSBC resigned in front of a US Senate subcommittee today after it emerged the bank had exposed the US to billions of dollars worth of money laundering, drug trafficking, and terrorist financing.