Jonathan Bernstein It appears that a controversial Democratic campaign tactic might be working. One of the big political stories this spring and summer was Democratic meddling in Republican primaries — Democrats, that is, spending money to “attack” extremist Republican candidates for being too conservative. The thinking among campaign strategists was that elevating the extremists’ profile would help them defeat more ...

Barclays Plc has asked UK courts to shutter nearly 100 businesses in recent months as it seeks to recover money loaned under a government Covid-19 program that’s been blighted by fraud. The bank has sought winding-up petitions, which liquidate companies to pay debts, against at least 97 businesses since September, according to official records. The requests relate to loans of ...

Credit Suisse Group AG’s long-term rating was downgraded by S&P Global Ratings to just one level above junk status, underscoring the bank’s challenges after it laid out a radical restructuring plan last week. The Swiss bank’s long-term rating was cut to BBB- from BBB, with a stable outlook. That’s just one notch above the BB “speculative grade.” The US ratings ...