Bloomberg President-elect Joe Biden plans to nominate former Federal Reserve Chair Janet Yellen to serve as his Treasury secretary, people familiar with the matter said, choosing the first woman and a seasoned central banker for the nation’s top economic policy job as the coronavirus pandemic threatens another US downturn. In Yellen, Biden is likely to find support from both Wall ...

Bloomberg Goldman Sachs Group Inc is planning a European stock trading platform to ensure its clients can still buy and sell shares even without a post-Brexit agreement to allow dealing in London. The Wall Street bank has applied to French regulators to start a Paris-based trading venue called SIGMA X Europe, according to the company. It intends to open before ...

Bloomberg Governments and central banks face a tricky balance between shocking the economy if they end pandemic support too soon, and undermining it if they keep measures in place too long, according to a European Central Bank (ECB) report. Noting the sheer scale of the fiscal, monetary and regulatory support, it said the effort has been “vital” in helping companies ...