More than 40 years ago, Congress adopted the Community Reinvestment Act to ensure that banks would serve everyone in the areas where they do business, regardless of race or class. Now, the Trump administration is considering how it might reform this long-controversial law. There’s reason for concern about the administration’s intentions. Done right, though, an update could actually be a ...

After enduring something of a sudden trauma last week, many market participants now wish for a rapid return to calm. That’s understandable, but it may not be in their longer-term interest to simply revert to the highly unusual market conditions that prevailed before. Instead, they should hope for a new, less abnormal market paradigm with respect to asset-price volatility, correlations ...

European Commission President Jean-Claude Juncker and Boris Johnson traded barbs this week over how far the EU intends to push its integration agenda. In a speech on Wednesday, the UK foreign secretary accused the EU of seeking to create an “overarching European state.” Not true, Juncker responded: “I am strictly against a European superstate. We are not the United States ...