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Britain doesn’t need a new kind of conservatism

  You’d think managing Britain’s exit from the European Union would be enough to keep Theresa May busy. But it seems the U.K.’s prime minister wants to design a whole new kind of conservatism as well — one that works not just for Britain’s frequent-flyer elite but also, as she puts it, for “the whole nation.” Whether her ideas are ...

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Collaboration key to fight financial cyber assaults

  In 2014, JP Morgan — the biggest US bank by assets — was targeted by cyber criminals. Even though no cash could be siphoned off, the attack left names, addresses and crucial information of its 76 million customers exposed. Alarmed over the incident, the bank is now pumping $600 million into cybersecurity. Similarly, Deutsche Bank has announced that it ...

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Deutsche Bank’s travails show up in money markets

  Deutsche Bank is in trouble. It’s embroiled in talks with the U.S. Justice Department to negotiate down a $14 billion fine for mortgage-market naughtiness. Its share price has halved in the past year. It was granted special treatment in July’s stress tests, according to the Financial Times. And in the European money market, its funding costs are almost twice ...

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