When it comes to risky trading, Citigroup Inc. may have a reason to protest too much. At an analysts’ conference, Citigroup CFO John Gerspach was asked about a recent proposed change to the Volcker Rule — the Dodd-Frank regulation that limits banks’ ability to make market bets with their own capital. Gerspach said the change wouldn’t matter much to Citi, ...

No one can predict how bad the next financial crisis will be. What’s certain, though, is that a lack of liquidity will make the fallout much worse. Holders of securities, currencies and commodities need trading liquidity so they can adjust positions, raise cash to meet redemptions, reduce their risk, or limit losses. Yet they seem to anticipate more liquidity than ...

Bloomberg Home to some of the busiest flight routes in Europe, whisking passengers across a rugged and mountainous landscape, Norway’s aviation industry now readies to go electric. Norway is one of Tesla’s biggest markets, with about 8,500 cars sold last year. Now, the country whose tourism sales pitch is “Powered by Nature” wants to be a pioneer in the market ...