Bloomberg At Citigroup Inc, bean counting and boring banking are in ascendance. Trading, not so much. The lender cut costs deeper than analysts expected while its consumer division posted its strongest second-quarter since 2013. Together, that outshined the firm’s Wall Street operations, where dealmakers eked out a surprise increase in revenue from underwriting debt while traders struggled. “We have good ...

Bloomberg The World Bank Group appointed Anshula Kant of the State Bank of India as chief financial officer, according to a statement in Washington. Kant is currently a managing director at SBI and previously served as its CFO, the World Bank said. It hasn’t yet announced when Kant will start the new job. Kant will report to World Bank President ...

Bloomberg It’s long seemed that nothing could unite President Donald Trump and Democrats on Capitol Hill. Then Facebook decided to create a cryptocurrency. Washington’s bipartisan distrust of the social-networking giant will be on display as it defends the digital-money proposal in two congressional hearings. In a sign that the testimony is likely to be an ordeal for Facebook, Trump took ...