European regulators are breaking something that didn’t need fixing. By pushing banks to issue senior non-preferred debt instead of traditional senior bonds, they risk inadvertently shutting many of the region’s neediest lenders out of the funding market. The securities are senior in name only — they can be turned into equity in the event of a catastrophe in the same ...

The European Commission’s proposed tax on digital services is intended to make companies such as Google and Uber pay more. The idea is that such firms are gaming the rules at the expense of other taxpayers. The issue is real and needs to be addressed — but the answer under discussion breaks with both established international practice and plain common ...

The recent Bitcoin bubble wasn’t the first, and it might not be the last. Once in 2011 and twice in 2013, the price soared and then crashed: And again: One more time: Each peak was bigger than the last. If you think there will be another, even bigger bubble somewhere down the line, then maybe any losses you took in ...