Move comes as Senator Elizabeth Warren condemns Barclays response to questions over ex-boss’s ties to sex offender

US lawmakers have unveiled a new bill to hold Wall Street’s “Epstein-connected” bosses to account for helping finance the late sex offender’s crimes.

It came as top Democratic senator Elizabeth Warren condemned the UK bank Barclays for “dodging responsibility” over its failure to vet former boss Jes Staley and his ties to the once well-connected billionaire.

Chip makers and tech investors such as Samsung and SoftBank plunge as potential interest rate hikes spook markets

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• Larry Elliott: the global economy is muddling through. But a storm is coming

An accelerating sell-off of AI-linked shares has hit global markets, as fears over rising inflation and future interest rate hikes spooked traders already wary of the heavily indebted sector.

South Korea’s benchmark Kospi 200 index, which is heavily skewed towards the companies that make memory chips, fell more than 8% overnight to a six-month closing low, triggering circuit breakers that brought trading to a halt at various points.

High valuations and debt put sector in danger, while fund also warns on government borrowing and cyber-attacks

• IMF warns global economy ‘could soon test the limits of resilience’

The threat of an AI share price crash rippling out across global markets is putting world financial stability at risk, the International Monetary fund has warned.

In its twice-yearly Global Financial Stability Report, the IMF highlighted the sky-high valuations for AI companies along with their increasing debt pile as one reason that risks in the system are “elevated”.

Eye-watering sum, to be split between 20 bankers, is one of the biggest payouts in the bank’s history

Top bosses at Goldman Sachs are in line to share a bonus pot worth up to $500m (£378m) this year, marking one of the biggest payouts in the Wall Street bank’s history.

The eye-watering sum will be shared between 20 bankers, with its chief executive, David Solomon, due to take about $100m (£75.6m) of the reward, which is made up of Goldman Sachs stock.

British banker Simon Andriesz helped to expose alleged ties between late sex offender Jeffrey Epstein and US commerce secretary Howard Lutnick

A top UK regulator has launched an investigation into how it handled a whistleblower – who highlighted alleged ties between the late sex offender Jeffrey Epstein and the US commerce secretary, Howard Lutnick – after he took his own life.

The British banker Simon Andriesz died late last month aged 57, the campaign group Transparency Task Force, of which he was a member, confirmed over the weekend.