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BNP Paribas has had a good crisis

Diversification has been a blessing for BNP Paribas SA. France’s biggest bank is emerging from the economic carnage unleashed by the first wave of the pandemic better than competitors, even after losing money on derivatives. But absent a repeat of the buoyant trading markets we’ve seen this year, not even BNP can escape the pressures of souring debt and declining ...

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Bank of England has a transmission problem

The Bank of England meets on Thursday against the backdrop of a newly imposed lockdown that’s designed to curb the spread of the coronavirus, but will also crimp the economy. For lenders who were already nervous about borrowers being unable to pay their debts, the prospect of a second collapse in growth will prompt them to rein in their support ...

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How Ma’s Ant can rise again after IPO shock

Ant Group Co will survive the 11th-hour suspension of its blockbuster $35 billion listing in Shanghai and Hong Kong if the company can learn from its technology peers. If there’s one thing that founder Jack Ma and Chinese regulators probably agree upon, it’s that finance and technology make for a powerful combination. The mix is where they ran into trouble. ...

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