Bloomberg Metro Bank Plc plans to cut costs and sell assets to help the struggling lender recover from an accounting scandal that led to heavy losses and the resignation of the firm’s previous boss. The bank reported a pretax loss of 130.8 million pounds ($170 million) for the year after it scrapped technology projects and unveiled plans to move back-office …

Bloomberg Citigroup Inc is shuffling the bankers overseeing two of its largest investment banking units as the firm seeks to boost revenue from advising and providing financing to corporations. The lender promoted Stefan Wintels, the head of its German unit, and Christian Anderson, who helps oversee the global asset manager group, to run its global financial institutions business. The firm …

Bloomberg More than 25,000 Cathay Pacific Airways Ltd staff are taking unpaid leave, underscoring the depth of the airline’s troubles as it contends with the coronavirus. Chief Executive Officer Augustus Tang said in an internal memo that Cathay’s challenges “remain acute,” and he thanked employees for their support. The Hong Kong-based airline this month asked its 33,000 workers to take …