Bloomberg Credit Suisse Group AG sued two of its former US-based wealth managers in a bid to nullify more than $1.6 million in back pay and fees the men were awarded in arbitration following a dispute over the terms of their departure. Richard J Dellarusso and Mark L Sullivan left the bank to join rival UBS Financial Services Inc after ...

Bloomberg European Central Bank (ECB) president Christine Lagarde is discovering that her grand ambitions for fighting climate change will have to take a back seat to her new job of reviving inflation. Lagarde came to the Frankfurt-based ECB pledging to bind environmental concerns much more closely into policy decisions — echoing her strategy when she ran the International Monetary Fund. ...

ABU DHABI / WAM The UAE Banks Federation (UBF), held its annual meeting on Tuesday for Chairpersons of its 20 specialised committees to review key initiatives and achievements of 2019. Meeting participants also discussed 2020 plans and objectives for priority areas including fraud prevention, cybersecurity, and plans to establish a UBF FinTech Committee. The meeting was presided over by AbdulAziz ...