Bloomberg The International Monetary Fund (IMF) reiterated that global economic growth appears to be bottoming out, though also cautioned that risks including the coronavirus dominate the outlook. “After a marked slowdown last year, global economic activity is expected to moderately strengthen in 2020,” the IMF said in a surveillance note released on Wednesday. “Monetary and fiscal policy actions were instrumental ...

Bloomberg Metro Bank Plc handed its interim chief executive officer (CEO) the reins, months after the struggling lender’s previous boss resigned in the wake of an accounting scandal. Dan Frumkin, who has led the bank on an interim basis since the start of the year, takes over the London-based lender’s permanent role with immediate effect. Frumkin, 55, joined the business ...

Bloomberg UBS Group AG hired private-wealth advisers who oversaw $6 billion in assets for Goldman Sachs Group Inc. The team, headed by Denis Cleary and Gregory Devine, has clients in more than 25 US states and will maintain offices in Boston and Los Angeles, UBS said in a statement. “Known for being one of the largest teams in the country ...