Two decades ago, I spent more than two years sleeping a few decks above eight nuclear reactors onboard the Enterprise, the US Navy’s oldest nuclear-powered aircraft carrier. I was the rear admiral in command of the Enterprise’s strike group, and “broke my flag” and sailed to a long combat deployment. I didn’t lose much sleep thinking about those reactors, ...

Labor markets might not be nearly as tight as they seem from employment data. That’s a headache for banks trying to judge the risks of an uptick in borrowers’ repayment problems. Traditionally, what matters most for banks lending to consumers is unemployment because it can lead to disastrous drops in income for debtors. That’s why it’s one of the first ...

  Credit Suisse Group AG’s poaching of Dixit Joshi from Deutsche Bank AG to become its new chief finance officer means the Swiss bank now has outsiders in three top executive roles. They all have plenty of experience fixing problems in their former roles. The new leadership team should have the cool ruthlessness to make unbiased decisions about what Credit ...