Ask any small Indian firm how long it takes to get paid by larger companies, what kind of a runaround they’re given, what devilish excuses they encounter on the way, and you’ll wonder how they remain in business. The answer is simple: They raise cash by borrowing against the value of property. Such advances are tailor-made for the entrepreneur. A ...

Every year, the Federal Reserve conducts a round of stress tests purported to ensure that the banking system can weather a financial crisis. With the latest results coming next month, people are wondering: Will the exercise become less stressful amid President Trump’s deregulatory drive? Judging from the past several years’ results, it already has. The stress tests are far from ...

Right-wing populists like Italy’s Matteo Salvini and France’s Marine Le Pen love to bash the EU as an elitist project that’s out of touch with the general public. Le Pen dreams of abolishing the European Commission, which she considers undemocratic, while Salvini says “bureaucrats and bankers” control Europe. This is all largely grandstanding; both of these leaders have had to ...