Bloomberg Citigroup Inc is preparing to cut hundreds of jobs in its trading division — stark new evidence that an industrywide slump in revenue this year may be more permanent than the tweets and policy moves rattling clients. The New York-based bank plans to slash jobs across its fixed-income and stock-trading operations over the course of 2019, according to people ...

Bloomberg Sweden’s economy unexpectedly shrank in the second quarter, casting further doubts on the Riksbank’s plans to continue to raise rates. Gross domestic product contracted 0.1 percent in the second quarter from the first, according to preliminary numbers from Statistics Sweden. Economists had predicted an expansion of 0.3 percent. Annual growth was 1.4 percent while economists and the Riksbank had ...

Bloomberg Whitbread Plc Chief Executive Officer Alison Brittain has been approached as a candidate to succeed Ross McEwan as boss of Royal Bank of Scotland (RBS) Group Plc, adding to signs the lender is broadening its search as it seeks a new leader. Brittain, who has run the British hotel and restaurant operator for nearly four years, is one of ...