Bloomberg CIMB Group Holdings Bhd. hired seven people recently at its private bank in Singapore, according to a person familiar with the matter, as it seeks to become one of the top 20 Asian players in the sector. Five of the hires have already started and the remaining two will join by September, said the person, who asked not to …

Bloomberg Barclays Plc’s Jes Staley said he needs another six to 18 months before the bank can generate an acceptable return for investors, spelling out for the first time how long his strategy should take to bear fruit. “The group’s statutory return on equity is 9 percent, and we want to get that to 11 percent — I think we …

  Though roller-coaster elections have recently become the norm in established democracies (witness France’s whirlwind campaign that ended recently), Germany appears determined to be an exception. As her party clinched yet another key regional election, Chancellor Angela Merkel is close to establishing her dominance in the September general election well ahead of time. Former European Parliament President Martin Schulz created …