How a Banking Capital of the World Botched Its Own Banking Rules – WSJ
Switzerland wanted its big banks to be fortresses. In practice, the country’s “too big to fail” banking laws made a sand castle of Credit Suisse....
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US interest rates add to ‘silent debt crisis’ in developing countries – The Financial Times
Many smaller emerging markets are confronting a “silent debt crisis” as they struggle with the impact of high US interest rates on their already-fragile finances,...
Silicon Valley is piling in to the business of snooping – The Economist
In early september New Yorkers may have noticed an unwelcome guest hovering around their parties. In the lead-up to Labour Day weekend the New York...
When AI Denies Your Loan Application, Should You Be Able to Appeal to a Human? – WSJ
Computer algorithms have long been used to find criminals, set insurance rates and screen mortgage loans. But such applications are more powerful when combined with...
UBS posts first quarterly loss since 2017 on costs of Credit Suisse deal – The Financial Times
UBS has posted its first quarterly loss in almost six years as the Swiss lender laid bare the costs of integrating Credit Suisse following the...
Bitcoin’s Grip on Crypto Eases After Climb in Smaller Tokens Like XRP – Bloomberg
Speculative crypto demand is widening beyond Bitcoin’s revival. Gauges tracking the bottom half and 30 mid-tier tokens in MarketVector’s index of the largest 100 digital...
The Price of Money Is Going Up, and It’s Not Only Because of the Fed – Bloomberg
What’s the most important price in the global economy? The price of oil? The price of semiconductors? The price of a Big Mac? More important...
Is Globalization in Decline? A New Number Contradicts the Consensus – WSJ
This is a column about two numbers that seem to tell contradictory stories about globalization. Over the past 15 years, a consensus has developed that...
Here’s how America’s economy could begin to weaken – CNN
Welcome to an economic version of the chicken-or-the-egg dilemma: With interest rates at their highest level in 22 years, what will weaken first? The job...
Sharp U.S. Hiring Slowdown Signals Cooling Economy Ahead – WSJ
Job growth slowed sharply last month, a sign the U.S. economy is cooling this fall after a torrid summer. Employers added 150,000 jobs in October,...