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Morgan Stanley chairman among missing in Sicily yacht sinking - Reuters

Investing.com -- A luxury yacht carrying a group of individuals, including Morgan Stanley International Chairman Jonathan Bloomer and British tech entrepreneur Mike Lynch, sank off the coast of Sicily early Monday, as per a Reuters report. 

The "Bayesian," a luxury yacht owned by Angela Bacares, sank near the Sicilian port of Porticello during a severe storm. Of the 22 people on board, 15 were rescued, including a one-year-old child.

One person died, and six, including yacht owner Bacares' husband, British tech entrepreneur Mike Lynch, and Morgan Stanley Chairman Jonathan Bloomer, remain missing. Lynch's 18-year-old daughter is also among the unaccounted for, the report added. 

Also reported missing are Chris Morvillo, a lawyer at Clifford Chance, and several others of British, American, and Canadian nationality. Eyewitnesses described the yacht vanishing quickly beneath the waves just before dawn. 

The report mentioned that the Italian coast guard confirmed the missing individuals were on a trip organized by Lynch for his work colleagues. The captain of a nearby boat described turning on his engine to avoid colliding with the Bayesian as the storm intensified. After the weather subsided, the yacht was nowhere to be found.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.