Bloomberg Traders at Credit Suisse Group AG and BNP Paribas SA broke some of the gloom in European banking, beating most of their Wall Street peers in the second quarter of 2019. The results represent a rare bright spot for institutions contending with a deteriorating economy and huge job cuts, including the 18,000 positions that Deutsche Bank AG expe-cts to …

Bloomberg The Federal Reserve’s uni-que structure helps preserve monetary policy independence, according to a new academic study that comes at a time of heightened tensions between the White House and the central bank. Cleveland Fed economist Edward Prescott and Rutgers University economics professor Michael Bordo argue the Fed’s deliberately decentralised design — with 12 regional banks around the country augmenting …

Bloomberg When Nicko Widjaja was hired to run the venture capital arm of Indonesia’s biggest telecommunication services provider in 2015, corporate venture capital investing had a reputation for being slow, bureaucratic and generating lackluster returns. But in four years, he has made it work. The first venture fund of state-owned PT Telekomunikasi Indonesia, called MDI Ventures, has returned 40 percent …