India’s government seems intent on abandoning good ideas for dealing with the country’s banking crisis and encouraging bad ones. Perhaps that shouldn’t be surprising, given that the bureaucrats don’t yet seem to have grappled with the real nature of the problem. The latest terrible proposal for dealing with the bad loans weighing down India’s state-owned banks, which control more than ...

Big changes have been happening in the economics profession, but many people still don’t seem to realise this. Maybe it’s the steady drumbeat of think pieces reiterating the same outdated critiques. Or maybe there’s a lingering collective memory of the time when the public face of economics was strongly libertarian. Or perhaps think tanks and pundits have publicised a caricature ...

Bloomberg Credit Agricole SA’s investment bank and retail business are both benefiting from the thirst for credit. Financing revenue jumped 17 percent in the second quarter after the bank provided advice and arranged debt financing on large deals including Altran Technologies SA’s takeover of Aricent Inc., helping the investment bank beat estimates. The bank’s French LCL retail business also did ...