Bloomberg Wall Street’s biggest banks are in a bright spot after years of massive layoffs and pay cuts. The same cannot be said for the largest asset managers. JPMorgan Chase & Co. and Bank of America Corp. reported generally positive fourth-quarter earnings, with debt-trading revenues surging amid volatility after Donald Trump’s election as next US president. BlackRock Inc., on …

  Bloomberg Regulators are notorious for falling behind the financial industry, cracking down on risk in one area only to watch it move swiftly beyond their reach. This phenomenon has rearranged the competitive landscape in the nearly $1 trillion market for US leveraged loans. This week, Bloomberg News highlighted how private-equity firms have been winning a growing number of assignments …

  Bloomberg As the Bundesbank turns 60 this year, it might have a message for the teenage European Central Bank: we’ve been there before. While the two Frankfurt-based institutions haven’t always seen eye-to-eye, the ties between them run deep. The ECB was deliberately infused with the spirit, and some of the staff, of the German central bank when it was …