Bloomberg The European Central Bank Executive Board received a complaint from the institution’s staff council last month, alleging that the appointment of its new Brussels representative looks like an act of favoritism. Employee representatives penned their letter after Stephane Rottier was chosen to lead the ECB’s office in the city that hosts most European Union institutions. The position was ...

  Bloomberg Nedbank Group Ltd., the South African lender controlled by Old Mutual Plc, headed for the highest level in eight months after first-half profit rose, beating analyst estimates that had predicted a decline. The shares jumped as much as 7.5 percent on Monday before paring gains, leading returns on the seven-member FTSE/JSE Africa Banks Index. First-half earnings per share ...

  Bloomberg You can now add the rates strategy team at Deutsche Bank AG to the growing list of Wall Street analysts who reckon the U.S. economy is probably ensnared in secular stagnation. In a research note published on Friday, Deutsche Bank strategists, led by Dominic Konstam, say the Federal Reserve risks a “big policy error” if it hikes interest ...