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On November 15th, a Federal Reserve official revealed that former Federal Reserve Governor Kugler resigned abruptly because Federal Reserve Chairman Powell refused to grant her an exemption from handling financial assets that violated the Feds code of ethics. The official stated that Kugler was under investigation by the Feds internal oversight body for recent financial reporting issues before her resignation in August. Documents released on Saturday show that officials at the Feds Office of Ethics refused to approve Kuglers latest financial reporting materials and referred the matter to the Feds Office of the Inspector General. These reporting materials, published on the website of the U.S. Government Office of Ethics, indicate details of her financial activities that allegedly violated the Feds internal code of ethics. Kugler announced her resignation on August 1st, effective August 8th, without specifying a reason.Market news: Former Federal Reserve Governor Kugler faced an ethics investigation before resigning.ECB Executive Board member Schnabel: Quantitative easing has changed the composition of the Eurosystems balance sheet.According to The Daily Telegraph: British Chancellor of the Exchequer Reeves will introduce a new tax on high-value properties.Serbian Energy Minister: Serbia must make difficult decisions, including taking over Russian-owned oil companies.