Bloomberg Credit Suisse Group AG hired Jeffrey Cohen from Lazard Ltd. as the firm seeks to expand its retail and consumer products investment-banking business. Cohen, 52, is a vice chairman based in New York and reports to Jens Welter, global head of retail and consumer products, the Zurich-based firm said in a staff memo, a copy of which Bloomberg obtained ...

Dubai / Reuters Net foreign assets at Saudi Arabia’s Central Bank dropped 1.7 percent from the previous month to 2.19 trillion riyals ($584 billion) in February, central bank data showed on Tuesday. Assets fell 17.3 percent from a year earlier to their lowest level since May 2012. They reached a record high of $737 billion in August 2014 before starting ...

Bloomberg A changing of the guard on Bank of Korea’s (BOK’s) board will usher in four policy makers with links to the government, increasing speculation that the BOK may cut borrowing costs that are already at a record low. The nominees announced to replace members vacating their positions on April 20 have all worked directly in government or for state-funded ...