Putting state assets into private hands was the boring consensus of the 1990s; now, it’s only for the brave. In Britain, Jeremy Corbyn is tapping into public anger at the poor quality of private railways and utilities, and promises to re-nationalise them. In Italy, the deadly collapse of a motorway bridge has led the government to try and revoke the ...

What’s the appropriate board gift for a CEO’s two-year anniversary? If you’re Tim Sloan at Wells Fargo & Co., the correct answer is a short leash. Sloan took over the CEO role in mid-October 2016, which means the anniversary is this week. At the very least, Sloan badly underestimated the problems facing his bank. But he’s also been slow to ...

Bloomberg All eyes were on benchmark Treasuries on Tuesday as trading reopened in the wake of last week’s selloff and following a holiday. The 10-year yield crept up to a fresh seven-year high before erasing the move, while US equity futures slid with stocks across Asia and Europe. Both the S&P 500 and the Stoxx Europe 600 Index looked poised ...