The hostility towards Wall Street remains so great that both political parties say, in their platforms, that they’d like to break up America’s biggest banks. But before engaging in this drastic economic surgery, it’s worth examining whether Dodd-Frank is working. Recall that the law, named after its congressional sponsors, former Sen. Senator Christopher Dodd and former Rep. Barney Frank, …

  In the latest effort to prop up economy and spur growth, Japan’s cabinet on Tuesday approved a massive 28-trillion yen stimulus package, including cash to improve infrastructure and raise the birth rate in the ageing nation. Undoubtedly, Prime Minister Shinzo Abe has deployed many strategies to goad the economy to grow. He somehow convinced the country’s central bank to …

  Lionel Laurent Italy has a well-known problem: A stack of bad loans on the books of its banks and nobody willing to buy them at current prices. Until investors get more reassurance on what these loans are truly worth, Italian banks won’t emerge from their crisis — and will suffer more losses in future. The plan to rescue Banca …