Every year, the Federal Reserve conducts a round of stress tests purported to ensure that the banking system can weather a financial crisis. With the latest results coming next month, people are wondering: Will the exercise become less stressful amid President Trump’s deregulatory drive? Judging from the past several years’ results, it already has. The stress tests are far from ...

Right-wing populists like Italy’s Matteo Salvini and France’s Marine Le Pen love to bash the EU as an elitist project that’s out of touch with the general public. Le Pen dreams of abolishing the European Commission, which she considers undemocratic, while Salvini says “bureaucrats and bankers” control Europe. This is all largely grandstanding; both of these leaders have had to ...

After a long and arduous election, with months of campaigning and voting spread over seven phases, India’s 879 million voters have spoken. And, if not with one voice, then close to it. The Bharatiya Janata Party of Prime Minister Narendra Modi has been handed another historic mandate. Modi’s 2014 victory was already record-setting — the first time a single party ...