Bloomberg Key Indian equities indexes capped their worst decline for the month of July in 17 years, even as shares eked out gains on Wednesday. The benchmark S&P BSE Sensex climbed 0.2 percent to 37,481.12 in Mumbai, easing its decline this month to 4.9 percent. The NSE Nifty 50 Index gained 0.3 percent to 11,118.00 and is down 5.7 percent …

Bloomberg Traders at Credit Suisse Group AG and BNP Paribas SA broke some of the gloom in European banking, beating most of their Wall Street peers in the second quarter of 2019. The results represent a rare bright spot for institutions contending with a deteriorating economy and huge job cuts, including the 18,000 positions that Deutsche Bank AG expe-cts to …

Bloomberg The Federal Reserve’s uni-que structure helps preserve monetary policy independence, according to a new academic study that comes at a time of heightened tensions between the White House and the central bank. Cleveland Fed economist Edward Prescott and Rutgers University economics professor Michael Bordo argue the Fed’s deliberately decentralised design — with 12 regional banks around the country augmenting …