Bloomberg The European Court of Auditors (ECA) joined regulators in questioning the value of the EU’s bank stress test, saying last year’s exercise should have been tougher and more consistently applied across the bloc. The scenario simulated by the European Banking Authority, the EU’s top banking regulator, was milder than the 2008 financial crisis, according to an ECA report. The ...

Bloomberg In one of the darker weeks for finance jobs, Citigroup Inc said it’s planning to increase senior banking hires across key sectors and markets as it aims to become a top-three investment bank. The lender is seeking to add to its healthcare and technology teams, and is also looking to increase local deal-making clout in some emerging markets, Tyler ...

Bloomberg Britain’s ambassador to the US dramatically resigned after leaked comments in which he criticised the Trump. White House sparked a major diplomatic row between the transatlantic allies. President Donald Trump decided to freeze out Kim Darroch, saying he would no longer deal with the man who had called his administration “inept” and “uniquely dysfunctional.” In a statement released by ...