Bloomberg The European Central Bank (ECB) needs an “understandable, forward-looking and realistic” inflation goal — but not necessarily a higher one, according to Bundesbank President Jens Weidmann. The German staked out his position on the most important part of the ECB’s strategy review for the first time since President Christine Lagarde launched the assessment last month. She was in the ...

Bloomberg Credit Suisse Group AG scrapped its annual Asia investment conference next month as the spread of the deadly coronavirus shows no sign of abating. The Zurich-based lender informed investors on Tuesday it will cancel the conference in Hong Kong, its biggest in the region. “In view of the continued health and safety risks caused by the coronavirus, we have ...

Bloomberg Citigroup Inc suspended its head of high-yield credit trading for Europe, the Middle East and Africa after he allegedly stole from the company’s cafeteria, according to a person familiar with the matter. Paras Shah, one of the bank’s highest-profile traders, left Citigroup last month over the issue, the person said, asking not to be named because the matter is ...