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Support needed amid soft inflation, says ECB

Bloomberg European Central Bank (ECB) officials pressed the case for continued monetary-policy support as they signalled the euro-area economic slowdown is weighing on inflation. In a foreword to the ECB’s annual report, President Mario Draghi warned of a “persistence of uncertainties” and said there’s a continued need for stimulus to boost inflation. His vice president, Luis de Guindos echoed that, ...

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Perella hires Goldman restructuring bankers

Bloomberg Perella Weinberg Partners LP is hiring Clinton Ray and Guy Morgan from Goldman Sachs Group Inc to expand its European restructuring business, according to people familiar with the matter. The bankers will join the firm in London in June to advise new and existing clients on restructuring, debt advisory and liability management, said the people, who asked not to ...

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Swedbank criminal probe intensifies

Bloomberg A criminal probe tied to money laundering allegations engulfing Swedbank AB drew sharp recriminations from both sides over the weekend, and raised serious questions about the role of the board. After the prosecutor accused Sweden’s biggest mortgage bank of refusing to hand over key information, Swedbank’s lawyers responded with claims that investigators were ignoring the norms of Swedish law. ...

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