Bloomberg US central bankers may have “slightly overdone it” by raising interest rates in December, though it’s premature to talk about a rate cut, said Federal Reserve Bank of St. Louis President James Bullard. “Rates are at a good place in the US right now, if anything we are a little restrictive I would say,” Bullard said in an interview ...

Bloomberg UBS Group AG is close to settling a tax evasion case with Italy for about 100 million euros ($110 million), according to people familiar with the matter. The agreement may come within the next few weeks, the people said, asking not to be identified as the matter is private. UBS declined to comment. The Swiss bank has said it ...

Bloomberg Mario Draghi warned against exaggerating the tradeoffs between risk sharing and risk reduction in the euro zone, arguing it has hampered monetary policy transmission. “Since a long time we have reached an impasse on key issues including on completing the banking union and deepening fiscal policy coordination,” the European Central Bank President said in Frankfurt on Wednesday. “This has ...