Bloomberg Estonia’s top diplomat called for the “complete isolation” of Russia’s financial system and an oil-price cap that would cripple the nation’s energy producers, extending punitive measures to cover the whole economy. Foreign Minister Urmas Reinsalu, who has been among the most outspoken EU officials in calling for the bloc to help Ukraine defend itself against the invasion, said the ...

  Bloomberg The Bank of England (BOE) has recommended the UK take swift regulatory action to strengthen the pensions market after recent bond market turmoil exposed shortcomings in its oversight. The central bank’s Financial Policy Committee said the pensions regulator and Financial Conduct Authority (FCA) should work with overseas regulators to ensure liability-driven investment (LDI) funds are more resilient to ...

  Bloomberg Goldman Sachs Group Inc aims to cut at least a few hundred more jobs as the Wall Street titan restructures its struggling consumer business and braces for an uncertain economy in the year ahead. The bank is drafting plans that could eliminate at least 400 positions from its loss-making retail banking operations, according to people familiar with the ...